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US forces Chinese-linked company to sell land near US missile sites

US forces Chinese-linked company to sell land near US missile sites

The White House on Monday gave a China-linked company and its partners 120 days to sell property they bought near a US air base in Wyoming that is part of a US nuclear arsenal.

The U.S. is increasingly concerned about the national security risks posed by purchasing U.S. assets near key Chinese-controlled military bases.

MineOne Partners Ltd., owned by Chinese nationals, partnered with other companies in June 2022 to buy assets for cryptocurrency mining, the White House said.

The property was owned by Francis E. in Wyoming. About a mile (1.6 kilometers) from Warren Air Force Base, it is part of America's arsenal of intercontinental ballistic missiles.

“The proximity of a strategic missile site and foreign-owned asset that is a key component of the U.S. nuclear triad, as well as the presence of specialized and foreign-sourced equipment capable of conducting surveillance and reconnaissance operations, pose a national security risk to the United States,” the White House said in a statement.

MineOne Partners did not immediately respond to a request for comment.

Reuters reported in 2022 that the Biden administration was investigating Chinese telecommunications equipment maker Huawei over concerns that US cell towers equipped with its equipment could intercept sensitive information from military bases and missile silos.

The MineOne Partners deal was scrutinized by CFIUS, a powerful body led by the Treasury Department that scrutinizes foreign investments in the United States for national security risks.

A 2018 law expanded CFIUS's authority to review foreign acquisitions of certain noncontrolling interests in U.S. real estate transactions that raise national security concerns.

Monday's action “underscores the important gatekeeper role that CFIUS plays to ensure that foreign investments do not undermine our national security, particularly with respect to transactions that endanger U.S. military facilities and specialized equipment and technologies,” Treasury Secretary Janet. Yellen said in a statement.