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US Pushes for Sanctions on Hong Kong Firms Over Chip Shipments ...
2024-07-26 05:50:08
Politics
Business

US Pushes for Sanctions on Hong Kong Firms Over Chip Shipments to Russia

US officials, lawmakers, and non-profits urge sanctions against Hong Kong entities for facilitating $4 billion in restricted chip transshipments to Russia since 2021. China, Turkey, and UAE implicated in procuring CNC machine tools for Russia's military.

A network of Hong Kong shell companies at 135 Bonham Strand is accused of enabling the illicit trade, linking U.S. labs, Chinese factories, and Ukraine battlefields. Senators criticize the Biden administration for inadequate control of chip sales to China, with calls for increased funding to bolster enforcement.

The press radar on this topic:

New York Times - Technology
25. Juli 2024 um 21:42

The Illicit Flow of Technology to Russia Goes Through This Hong Kong Address

Technology
Politics
Economy
Finance
Four Hong Kong shell companies at 135 Bonham Strand facilitate $4 billion in illicit trade of Western tech to Russia, acquiring millions in restricted chips and sensors for sanctioned Russian military firms since the 2022 invasion of Ukraine. This network connects U.S. labs, Chinese factories, and Ukraine battlefields, evading U.S. government and tech giants' controls traced through 800,000 shipments in Russian data.
China - South China Morning Post
25. Juli 2024 um 20:37

US senator attacks Biden administration for failing to halt sales of advanced chips to China | South China Morning Post

Politics
Technology
Senators grill Commerce official over illicit Nvidia chip sales to China, evading export controls. Official defends efforts but requests $100 million in additional funding to enhance enforcement, data analytics. Senator Cortez Masto sympathetic, noting division's budget unchanged since 2010.
Asia Times
25. Juli 2024 um 23:47

US targets Hong Kong chip transshipments to Russia

Politics
Technology
US officials, lawmakers, and non-profits call for sanctioning Hong Kong firms and banks over Russian shipments of $4 billion in restricted chips via Hong Kong shell companies since 2021. China, Turkey, and UAE are sourcing CNC machine tools for Russia's war machine.
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