The World Bank imposed sanctions on two Chinese construction companies and blacklisted more than 30 subsidiaries associated with these two companies, causing China to go abroad to participate in various international engineering projects. Business concerns. In recent years, with the implementation of my country's "One Belt, One Road" policy, more and more Chinese companies have gone abroad to undertake overseas engineering projects. However, due to unfamiliarity with the international compliance regulatory environment, Chinese companies have been punished by multilateral development banks or local governments. Happens from time to time. As of today, more than 100 companies in China have been included in the World Bank's "blacklist" and have been sanctioned by the World Bank. Sanctioned companies are prohibited from participating in projects financed by the World Bank for a certain period of time. Since the World Bank Group, the Asian Development Bank, the African Development Bank Group, the European Bank for Reconstruction and Development, and the Inter-American Development Bank Group have signed the "Agreement on the Joint Implementation of Sanctions Resolutions", companies sanctioned by the World Bank will be subject to cross-examination by the above institutions. sanctions. Subjects of World Bank sanctions

Companies and their agents participating in World Bank projects will be subject to the World Bank's sanctions system, which is different from the commonly understood understanding that "only those who undertake projects will be sanctioned." In fact, the scope of subject entities is wider, including the following seven categories:

(1) Bidders for World Bank-financed contracts;

(2) Direct procurement contracts and World Bank Suppliers to funding contracts;

(3) Contractors and their agents;

(4) Subcontractors;

(5) Consultants and sub-consultants ;

(6) Service providers;

(7) Any recipients of loan proceeds and their representatives. It should be noted in particular that the behavior of World Bank staff is not subject to this sanctions system, but is restricted by the Bank's internal rules.