BEIJING—China is stepping up its enforcement of the anti-foreign sanctions law as Chinese Premier Li Qiang signed a State Council decree unveiling new regulations set to take effect on Monday.
The regulations, comprising 22 articles, aim to bolster China’s countermeasures against foreign sanctions. They specify measures such as the seizure, detention, and freezing of various assets, and restrict relevant transactions and cooperation deemed prohibited under the law.
According to the new regulations, China will refine procedures for implementing countermeasures and strengthen coordination among various departments under the State Council. This move is expected to enhance the effectiveness and enforcement of the anti-foreign sanctions law.
The regulations also stipulate that if countermeasures are not implemented in accordance with the law, relevant departments have the authority to mandate corrections. They may prohibit or restrict certain activities of involved parties to ensure compliance.
Organizations and individuals subject to countermeasures have the opportunity to request suspension, modification, or cancellation of the imposed measures if they rectify their actions and mitigate the consequences, offering a path toward resolution.
