18 June 2021
The Law mandates the departments concerned of the State Council to include individuals and organizations that directly and indirectly implement “discriminatory restrictive measures” against Chinese citizens and organizations into an anti-sanctions list (“List”). The newly-announced measures will allow China to counter-sanction designated parties and potentially, their related parties, including seizing and blocking its property in mainland China, denying or revoking visas, restricting its cooperation with Chinese entities, and other unidentified actions.
The Law also provides legal relief to the infringed Chinese party, permitting legal actions against any parties who implement “discriminatory restrictive measures” for compensation.
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