Summary
- 20 out of nearly 300 companies sanctioned for supporting Russia’s invasion of Ukraine are from China and Hong Kong
- The latest U.S. sanctions targeted nearly 200 entities, including companies from Russia, Azerbaijan, Belgium, Turkey, UAE, China, and Hong Kong
- Sanctions aim to weaken Russia’s war machine, restrict revenue access, and prevent illegal acquisition of resources for the war in Ukraine
- Hong Kong companies provided electronic products for manufacturing weapons, with some procuring drones for Russia
