[The Epoch Times, June 30, 2022](Comprehensive report by The Epoch Times reporter Chen Ting)U.S. Secretary of CommerceRaimondo(Gina Raimondo) said on Wednesday (June 29) that after the United States and alliesRussiaSince the implementation of export controls, the globalsemiconductorExports have plummeted by 90%.
“We have unleashed unprecedented coordination of global export controls with 37 advanced economies, and those controls are working because of this tremendous collaboration.”Raimondosaid at the Ministry of Commerce’s annual meeting. (Link)
Raimondo also said control of Russia’s aerospace sector was hitting its ability to generate revenue, supply and support military aviation.
She added: “Russia could be forced to ground half to two-thirds of its commercial aircraft by 2025 so that they can be disassembled into parts.”
The move comes a day after the Biden administration on Tuesday placed five Chinese companies on a trade blacklist for allegedly supporting Russia’s military and defense industrial base. (understand more)
On Wednesday, Raimondo also said Washington knew that Beijing, as “another authoritarian regime”, was closely monitoring the U.S. response.
“As Secretary of State Blinken pointed out recently, China is the only country that intends to reshape the international order and increasingly has the economic, diplomatic, military and technological capabilities to do so,” Raimondo said.
“We can do it because almost all of the chips in the world, including China, are made using U.S. equipment and software, and I intend to deliver on that promise if necessary,” Raimondo said.
Previously, U.S. officials have said China has largely complied with international sanctions, but the U.S. will closely monitor the situation and strictly enforce the rules.
At the meeting, she reiterated her call to industry representatives to help maintain an effective export control system. “I believe that if we do these things together, we will win and ensure democracy triumphs over tyranny,” Raimondo said.
Reuters contributed to this report.
Responsible editor: Ye Ziwei#