The EU is exploring ways to police how European companies invest in production facilities overseas, following similar US moves to limit the ability of China and other rivals to acquire cutting-edge technologies from the west.
Valdis Dombrovskis, the bloc’s trade commissioner, told the Financial Times that new restrictions were needed to prevent companies circumvent export bans on sensitive technology by manufacturing it elsewhere.
The EU has prohibited its companies from selling products that could help Russia’s armed forces in their war in Ukraine, but re-exporting loopholes remain.
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