Tag: sanction

US Sanctions Bite as China’s Largest Chipmaker Replaces Chairman for Second Time in Two Years

China’s largest chipmaker, Semiconductor Manufacturing International Corporation (SMIC), announced the appointment of its new chairman on July 17. Vice chairman Liu Xunfeng replaced former chairman Gao Yonggang, who the company said had resigned due to “work adjustment.” SMIC did not offer any further explanation in it’s statement to the Hong Kong Stock Exchange. Mr. Gao was appointed…


4 US Lawmakers Oppose Hong Kong Chief Executive’s Attendance at APEC Summit

Four bipartisan members of the U.S. Congress recently jointly signed a letter to Secretary of State Antony Blinken, opposing the invitation of Hong Kong Chief Executive John Lee Ka-chiu to attend the APEC summit in November. The next Asia-Pacific Economic Cooperation Conference (APEC) will be held in San Francisco in November this year (2023). Four…


US Sanctions Iranian Firm for Helping Government Censor Internet

WASHINGTON—The U.S. imposed sanctions on an Iran-based technology firm on Friday for its role in facilitating the Iranian government’s censorship of the internet as anti-government protests have swept the country since September. A firm known as Arvan Cloud, its co-founders Pouya Pirhosseinloo and Farhad Fatemi, and a United Arab Emirates-based firm were all sanctioned for…


Three US-Sanctioned Senior Police Officers in Hong Kong Are Promoted

There have been personnel changes at the top of the National Security Department (NSD) of the Hong Kong Police Force, and three senior officials who have been sanctioned by the United States have gained promotion. On May 2, Hong Kong Chief Executive John Lee Ka-chiu appointed Kan Kai-yan as the head of the National Security…


‘Badge of Honor’: McCaul Pledges Undeterred Support for Taiwan After Chinese Sanction

Beijing on April 13 sanctioned U.S. House Foreign Affairs Committee Chairman Michael McCaul in retaliation over his recent visit to Taiwan, claiming that the move had sent a “seriously wrong signal.” The Texas Republican lawmaker last week led a bipartisan delegation to democratically-ruled Taiwan to discuss strengthening economic and defense ties in the face of…


McCaul Calls Being Sanctioned by China Over Taiwan a ‘Badge of Honor’

U.S. House Foreign Affairs Committee Chairman Michael McCaul (R-Texas) calls it a “badge of honor” that the regime in Beijing on April 13 sanctioned him in retaliation for his recent visit to Taiwan and asserted that his efforts send a “seriously wrong signal.” The Texas Republican lawmaker last week led a bipartisan delegation to democratically…


Japan’s Foreign Minister Visits China for the First Time in Three Years Amid Turbulent Relations

Japan’s Foreign Minister Yoshimasa Hayashi visited China on April 1. The visit came as the Japanese government announced restrictions on the export of 23 types of semiconductor manufacturing equipment. This is also a time of significant tensions between the two countries because a Japanese employee of Astellas Pharma, a Japanese multinational pharmaceutical company in China,…


Chelsea Post 121.3 Million Pounds Loss, Blame Sanctions on Former Owner Abramovich

Chelsea had an overall net loss of 121.3 million pounds ($148.65 million) for 2021–22 due to “extraordinary expenses and loss of revenue” after sanctions were imposed on previous owner Roman Abramovich, the Premier League club said on Monday. Russian owner Abramovich put the club up for sale in early March last year following Russia’s invasion…


US Sanctions Russian Officials Over Dissident’s Detention

WASHINGTON—The United Stats has imposed sanctions and visa restrictions on five Russian officials and an expert witness involved in the incarceration of Vladimir Kara-Murza, a Russian opposition leader who has been imprisoned in Moscow since April for speaking out against Russia’s invasion of Ukraine. He faces more than 30 years in prison. Treasury sanctioned Elena…


US Imposes Fresh Sanctions to Restrict North Korea’s Revenues

WASHINGTON—The U.S. Treasury Department on Wednesday imposed sanctions on individuals and companies that it accused of illicitly generating revenue for the North Korean regime. The Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned Chilsong Trading Corporation, which it says is used by North Korea to earn foreign currency and collect intelligence; and Korea Paekho…