US Sanctions 8 Hong Kong Companies For Aiding Russia’s Invasion of Ukraine

The last Hong Kong company sanctioned, Pixel Devices Limited, was named for providing electronic products worth over $210 million to Russia since April 2022.

A Ukrainian serviceman of an air reconnaissance squad of the 45th Brigade prepares to launch a Leleka reconnaissance UAV on a position in Donetsk region on June 27, 2023. Genya Savilov/AFP via Getty Images

In the latest U.S. sanctions against companies and individuals supporting Russia’s invasion of Ukraine, 20 out of nearly 300 companies are from China and Hong Kong. Most of the sanctioned Hong Kong companies provided electronic products for manufacturing weapons.

On May 1, the Department of the Treasury announced a new round of sanctions, targeting nearly 200 entities, including 60 companies from Russia, Azerbaijan, Belgium, Turkey, and the United Arab Emirates. As well as 12 Chinese companies and 8 Hong Kong companies. The State Department also announced sanctions on 80 targets.