Well-known Chinese news site NetEase (NASDAQ: NTES) recently reported that the U.S. Department of Treasury and the State Department simultaneously announced they would sanction China’s Changsha Tianyi Space Technology Research Institute because the Chinese company assisted Moscow’s Wagner Group during the Russo-Ukrainian War. U.S. Secretary of State Antony Blinken said in a statement that the new sanctions will further impede the Kremlin’s ability to arm its war machine. An unnamed U.S. source revealed that the U.S. has evidence that the Changsha Tianyi Research Institute is supporting Russia in the war. According to the official website of the Changsha Tianyi Research Institute, it is the pioneer and leader of China’s commercial remote sensing satellites and scientific research satellites. The core team members of the Institute are mainly from the Chinese Academy of Sciences, China Aerospace Science and Technology Corporation, China Aerospace Science and Industry Group, and other international aerospace talents. Tianyi has participated in nearly 100 aerospace development projects (including satellites, spacecraft and space stations).
Source: NetEase, January 28, 2023