The US faced a strong reaction from China after it added several Chinese companies to its export control list of 105 companies, a move seen as an attempt to limit Russia’s access to advanced US technology.

What happened: China has strongly opposed the US decision to add several Chinese companies to its export control list, a move seen as a strategy to further restrict Russia’s access to advanced US technology needed for its weapons, CNBC reported Monday.

A spokesman for China’s Ministry of Commerce described the move as “a typical act of unilateral sanctions and sweeping jurisdiction” in a statement published on Xinhua. The spokesman further stated that the act “undermines international trade order and rules” and disrupts the “security and stability of global industry and supply chains.”

The United States announced on Friday that it was tightening its export controls to “further restrict the supply of American-origin and U.S.-branded goods to Russia and Belarus for the Kremlin’s illegal war against Ukraine.” The list now includes 123 companies, including 42 from China, 63 from Russia and 14 from Turkey, Iran and Cyprus.

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Alan EstevezUnder Secretary of Commerce for Industry and Security said: “We will continue our multilateral approach to address this issue from all sides and use every tool at our disposal to prevent Russia from gaining access to the advanced U.S. technology needed for its weapons.”

The US has also targeted shell companies by adding four “high-risk addresses” in Hong Kong and Turkey to the Entity List. Transactions through these addresses will now require a license.

Why it is important: This move by the US is the latest in several attempts to restrict Russia’s access to high technology. The Biden administration in June expanded sanctions on semiconductor sales to Russia, targeting Chinese third-party suppliers.

In August, Russia and China planned to introduce barter systems to evade US banking surveillance.

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This story was created with Benzinga Neuro and edited by Pooja Rajkumari