New US wave of Ukraine sanctions includes targets in Hong Kong and mainland China

The US has announced a new wave of sanctions, aimed at entities including in Hong Kong and mainland China in an effort to curb Beijing’s ability to support Russia’s war efforts in Ukraine.

The Treasury Department’s actions target more than 300 individuals and entities in Russia, Hong Kong, mainland China as well as in Turkey and the United Arab Emirates “whose products and services enable Russia to sustain its war effort and evade sanctions.”

“Today’s actions strike at their remaining avenues for international materials and equipment, including their reliance on critical supplies from third countries,” said Treasury Secretary Janet Yellen.