China plans to impose sanctions against Nokia and Ericsson

Chinese authorities are considering imposing export restrictions on European telecommunications companies such as Finnish Nokia and Swedish Ericsson, the Wall Street Journal reported on Monday, citing its sources.

The introduction of sanctions against Nokia and Ericsson will occur if the European Union member states, after the United States and the United Kingdom, begin to prevent the use of Chinese Huawei equipment to create 5G wireless networks.

According to media reports, the Ministry of Commerce of China is discussing the introduction of export restrictions for Finnish Nokia and Swedish Ericsson, which will cause obstacles in sending abroad their products produced in China. Another source clarified that these measures would be applied only in the case of a worst-case scenario, in which European countries will prohibit the use of equipment from Chinese suppliers to create 5G.

Recall that on May 19, the US Department of Commerce added Huawei to the blacklist of foreign companies with which American firms are prohibited from trading.