NEW YORK – The surge in shipments from Hong Kong to Russia following Moscow's invasion of Ukraine in 2022 underscores the town's in depth position in serving to U.S. adversaries evade worldwide sanctions, based on a brand new evaluation by the Committee for Freedom in Hong Kong Basis launched Monday.
The 62-page report, “Beneath the Harbor: Hong Kong's Main Function in Sanctions Evasion,” describes how Hong Kong firms have helped export items listed by america and European Union as Widespread Excessive Precedence Objects (CHOs) as important expertise for the Russian battle machine.