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:
US senator attacks Biden administration for failing to halt sales of advanced chips to China | South China Morning Post
US targets Hong Kong chip transshipments to Russia
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