42: Chapter 42 Sanctions are coming

It took the Leader more than ten minutes to watch the video transmitted back from the Bullet during the battle, and his eyes glinted with golden light.

"Excellent, excellent! This is a great fortune for the nation! A great fortune indeed!"

"Leader, Chen Yu also promised to provide our military with ten Bullet Fighter Aircraft, free of charge!"

"It seems Chen Yu is a patriotic and ambitious young man. Our country cannot treat him unfairly. Doesn't he have a company? We must try our best to give him the green light and fully satisfy his requests!"

"Understood, Leader!"

Soon, Chen Yu's Huanyu Technology became a key enterprise supported by the state.

In the White House in the United States, President Biden was with Secretary of Defense Schneider, Minister of Science and Technology Rogers, and other high-ranking officials.

They were watching the battle video filmed by the rescued Sakura Country naval soldiers.

After seeing what exactly happened, all high-ranking officials in the United States looked grave.

"Who can tell me what that black mass in the video is?" President Biden asked.

But no one answered.

"Rogers, you are the Minister of Science and Technology, do you understand what that thing is?"

Rogers frowned, thought for a moment, and said:

"Based on my judgment, this might be a type of combat aircraft. Based on its appearance and flight posture, I thought of a possibility!"

"Speak!"

Rogers reopened a video on the large screen.

This was the scene when Huanyu Technology's flying car made its debut at their press conference.

After seeing this, these American executives seemed to have guessed something.

After the video finished playing, Rogers slowly said:

"Did everyone notice that the aircraft attacking the Sakura Country warship is very similar in flight principle to Huanyu Technology's flying car?"

"Are you saying that Huanyu Technology has already cooperated with the Yanxia military, using Anti-Gravity Engine to create a combat-capable aircraft?" Secretary of Defense Schneider asked.

Rogers nodded, then continued with his conjecture.

"I think the Yanxia military has not only obtained Huanyu Technology's Anti-Gravity Engine technology but also their battery technology. The laser emitted by that aircraft's attack, I speculate, is an Electromagnetic Cannon. We are also developing it, but we simply cannot miniaturize it, mainly because there is no suitable energy storage device. However, Huanyu Technology's highly compressed Heavy Hydrogen Ion Battery can!"

As expected of the Minister of Science and Technology of the United States, the results of his analysis were almost identical to the facts.

"Yanxia has gone too far this time. Sakura Country is our ally, and now their fleet has been completely annihilated, which has already caused dissatisfaction among the NATO military alliance countries. They demand that we, the United States, must do something."

"Mr. President, Yanxia acted without a word this time, which has severely violated international conventions. I think they should be sanctioned."

Humphries, the Minister of Trade of the United States, suggested.

"Good, Yanxia's economy and military have advanced by leaps and bounds in recent years, becoming our strongest enemy in the United States. Coupled with our current global plunder plan, Yanxia must be sanctioned. Humphries, you formulate a series of sanction plans and implement them as soon as possible!"

"Understood, Mr. President."

Just one day later, led by the United States, with major economic powers of the European Union following suit.

A document of sanction measures was simultaneously issued in North America and Europe.

The content of the sanction measures is as follows.

First, impose high tariffs on goods exported from Yanxia to North America and Europe, stop or reduce the import of goods from Yanxia, and instead seek orders from Southeast Asia.

Secondly, restrict the export of Western high-tech products to Yanxia, including high-end chips, high-end operating systems, AI artificial intelligence software, and so on.

Then, in the financial market, they extensively harvested Yanxia enterprises, raising the Federal Reserve interest rate, allowing the hot money of Yanxia's wealthy to flow into the United States.

These three axes will directly lead to immense difficulties for Yanxia's economy.

Coupled with the Western restrictions on exporting advanced products from various industries to Yanxia, it will further cause a severe decline in Yanxia's productivity.

This sanction was the most severe sanction imposed by the United States and its allies on Yanxia.

If Yanxia does not handle it well, or allows the United States to impose sanctions, it may lead to economic regression and even internal crises.

When these bans were announced, media worldwide reported extensively.

Yanxia's media was even in a mess, and the public was also panicking. Many companies immediately announced layoffs and salary cuts.

Even many international companies announced their withdrawal from the Yanxia market.

Inside the Yan Capital Great Hall, a high-level meeting personally convened by the Leader was underway.

"Leader, our destruction of the Sakura Country's fleet this time seems to have completely angered the NATO military alliance. My opinion is to tighten our belts, actively achieve economic internal circulation, and actively invest in research and development in areas where we are being stifled. This economic war with the United States will have to be fought sooner or later!"

Li Zhenfeng, the Premier and Minister of Economy of Yanxia, suggested.

Many high-ranking officials in Yanxia were pondering whether Li Zhenfeng's suggestion was feasible.

But then a high-ranking official in economics stood up to refute.

"Minister Li, I think our biggest problem now is time. If we let our technology companies engage in research and development to make up for some limitations in high-precision fields, it would be better for us to actively negotiate peace with the United States and the European Union. We can make appropriate concessions in exchange for good development space."

"Hmph, now that the United States' methods are so tough, do you think they will still talk to us about anything? This was something they had been plotting for a long time!"

"But, but if our exports decrease, it will inevitably lead to a domestic economic downturn and a sharp increase in unemployment. How then will the livelihood problems that arise be solved?"

Just as Li Zhenfeng and this high-ranking official were refuting each other, the Leader in the main seat waved his hand to stop them.

"Stop arguing. Both of you have valid points, but it is impossible for our mighty Yanxia to soften. Now we must actively solidify relations with countries that have not cut off trade with us, and then strengthen research and development in some highly import-dependent technology industries!"

Li Zhenfeng and that high-ranking official both nodded, indicating their approval.

The Leader thought for a moment and continued:

"I think all of you should know about Huanyu Technology Company by now, right? I believe that whether our Yanxia can ultimately break through this situation, this company is crucial."

Many officials nodded. They had all seen the video of the annihilation of the Sakura Country fleet.

This company has considerable strength in the research and development of military industrial technology. The current predicament of Yanxia might very well be solved by this company.

The Leader returned to the two-story building within the Red Wall and instructed his secretary:

"You have Cao Guangde bring that Chen Yu to Yan Capital. I want to meet him."

"Understood, Leader. I will contact General Cao right away."

At Huanyu Technology headquarters, Chen Yu sat in his office.

He looked at the overwhelming news of sanctions on his computer.

"I didn't expect the United States to act so quickly. If we let the West sanction us, it will indeed drag down our country's economy."

Chen Yu muttered to himself.

However, after thinking for a while, the corner of Chen Yu's mouth curled up!