Hong Kong plays leading role in sanctions evasion: report
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A new analysis by the Committee for Freedom in Hong Kong Foundation reveals that Hong Kong plays a significant role in helping U.S. adversaries evade international sanctions. The surge of Hong Kong shipments to Russia after Moscow's invasion of Ukraine in 2022 highlights the city's involvement in exporting goods that are under the U.S. and EU's list of items known as Common High Priority Items. The report, titled 'Beneath the Harbor: Hong Kong's Leading Role in Sanctions Evasion,' emphasizes how Hong Kong's regulatory environment makes it easy for foreign nationals to create shell companies to evade sanctions.

#HongKong #SanctionsEvasion #InternationalSanctions #Russia #Ukraine

https://asia.nikkei.com/Politics/International-relations/Hong-Kong-plays-leading-role-in-sanctions-evasion-report