Five Things You Need to Know to Start Your Day: Asia

Chinese companies are added to fresh sanctions list over Russia’s war. Asia stocks set to rise on Fed news. Telegram questions arrest of CEO. Here’s what you need to know today.

Beijing urged the US to “stop its wrong practices” after Chinese companies were included on a sanctions list designed to target supply chains feeding Russia and hobble its wartime economy. The US Department of Treasury published a list of newly sanctioned entities on Friday, which included Russian nationals and companies listed in Hong Kong and mainland China. The department said penalties would target those that provided products and services enabling Russia to sustain its war effort against Ukraine. On Sunday China’s Ministry of Commerce said it was “firmly opposed” to the sanctions and “will take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese companies.”