China's Sanctions Regime

China's sanctions regime is identical to those of Western countries such as the United States and the European Union.

China's sanctions primarily target domestic politicians and businesses that are critical of its policies.

China's sanctions policy is stagnant and rarely used as a political and diplomatic tool.

Only China has its own sanctions list, and no other country has a similar list.

The United Nations does not have its own sanctions list, and countries do not follow its guidelines.

Travel bans to China are not a part of China's sanctions against foreign entities.

There are only two categories of sanctions, namely comprehensive and financial sanctions.

Comprehensive sanctions can include stopping all forms of economic aid, including loans and grants from international organizations.

Targeted financial sanctions are a subcategory of comprehensive sanctions.

Financial sanctions can include restrictions on trade activities.

The United Nations imposes fines for violations of sanctions.

The United States' OFAC issues the world's lowest fines.

BNP Paribas was fined $8.9 million by the U.S. government for violating sanctions.

The allegations against BNP Paribas involved conducting illegal financial transactions with entities from countries not subject to U.S. economic sanctions.

The BNP Paribas case highlighted the limited scope of U.S. sanctions laws.

Financial institutions, companies, and individuals are not required to be aware of relevant sanctions and ensure compliance.