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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: ggersh who wrote (201443)9/15/2023 6:38:51 PM
From: TobagoJack  Read Replies (2) | Respond to of 217801
 
Re <<I'll be damned, people actually went to jail>>

... yeah. I am following the FTX - SBF case to see if the youngster gets away scot free as Corzine once did in the MF Global matter.

Times, they are different, because of changes, I am told.

Speaking of which, let's see if the sanction 'symbolic', and if not, whether before of after Schumer visit to Beijing, that which happens before the Putin visit to same Beijing. Am told that something might be up, and different-ing.

Also interesting that Putin met Kim of N Korea on the same trip as he met reuters.com "Putin, China's vice premier to discuss high-level contacts for end of year"


Let's see if Teams USA and China meets in the mean time, and also before year end.

We watch the dots

bloomberg.com

China Hits Two US Military Firms With Symbolic Moves Over Taiwan

- Lockheed Martin subsidiary and Northrop Grumman sanctioned

- China has sanctioned a number of US defense contractors

Updated on
15 September 2023 at 17:36 GMT+8

China announced it was sanctioning Northrop Grumman Corp. and a subsidiary of Lockheed Martin Corp. for supplying arms to Taiwan, the latest example of Beijing symbolically showing its displeasure at US support for the island.

“In accordance with the Anti-Foreign Sanctions Law of the PRC, China decided to impose sanctions on these two above-mentioned US defense companies,” said Chinese Ministry of Foreign Affairs spokeswoman Mao Ning during a regular press briefing in Beijing on Friday. She used the abbreviation of the country’s formal name, the People’s Republic of China.

Mao said Lockheed Martin has “directly participated in the US arms sales to Taiwan,” while Northrop Grumman “has participated in US arms sales to Taiwan several times.”

Beijing claims sovereignty over Taiwan, although it has never had control of the self-ruled island.

The action is likely nothing more than a symbol of China’s unhappiness about the weapon sales, as neither firm has any activities to sanction in China.

Earlier this year, China imposed symbolic fines and sanctions on Lockheed Martin and a subsidiary of Raytheon Technologies Corp. Last year, it sanctioned top executives of Boeing Co.’s defense subsidiary and Raytheon.

In August, the Defense Security Cooperation Agency announced a $500 million sale of equipment for the F-16 fighter jet, which will be supplied by Lockheed Martin in Missouri. Last December, the same agency announced that Northrop Grumman would supply Taiwan with a system to deploy anti-tank mines.

On top of those deals, last month the US State Department announced a package worth as much as $80 million for Taiwan to purchase US weapons. That money could be used to finance the acquisition and refurbishment of armored and infantry vehicles, artillery systems, drones and counter-drone equipment, communications and individual soldier equipment, as well as requisite training, according to the congressional notification.

— With assistance by Lucille Liu and James Mayger