Election

Treasury sanctions Hong Kong's leader in latest China escalation

Posted On: Aug 7, 2020   |   Posted By: Politico

Treasury sanctions Hong Kong's leader in latest China escalation

The Treasury Department has imposed sanctions against Hong Kong leader Carrie Lam, the latest Trump administration action aimed at curbing Beijing's influence over the semi-autonomous Chinese city.
Lam, Hong Kong's chief executive, was added Friday to the list of “Specially Designated Nationals” managed by the Office of Foreign Assets Control - the Treasury Department agency tasked with enforcing economic and trade sanctions.
“As part of its enforcement efforts, OFAC publishes a list of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries,” according to the department. The assets of those SDNs are blocked and Americans “are generally prohibited from dealing with them.”
Lam's addition to the list comes a week after she announced Hong Kong would delay by a year its Legislative Council elections, previously scheduled to take place in September, due to coronavirus concerns.
White House press secretary Kayleigh McEnany denounced Lam's decision last Friday, saying it...

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