The blacklisting provides a path for President Biden to sanction DJI and 12 other Chinese companies. It follows in the footsteps of last year’s US Treasury Department ban on US-based persons from trading shares of DJI.
Important wording below Military-Civil Fusion
Today, the Department of Defense released the names of “Chinese military companies” operating directly or indirectly in the United States in accordance with the statutory requirement of Section 1260H of the National Defense Authorization Act for Fiscal Year 2021.
The Department is determined to highlight and counter the PRC Military-Civil Fusion strategy, which supports the modernization goals of the People’s Liberation Army (PLA) by ensuring its access to advanced technologies and expertise are acquired and developed by PRC companies, universities, and research programs that appear to be civilian entities. Section 1260H directs the Department to begin identifying, among other things, Military-Civil Fusion contributors operating directly or indirectly in the United States.
The Department will continue to update the list with additional entities as appropriate.
The United States Government reserves the right to take additional actions on these entities under authorities other than section 1260H.
The list is available here.
