Reported 7 months ago
The United States has imposed sanctions on several Hong Kong firms, including VPower Finance Security, for aiding in trading Russian gold from the sanctioned Russian miner Polyus. The US aims to increase pressure on Moscow for its war against Ukraine and disrupt Russia's access to support from third countries. The sanctions target firms involved in a trans-national network that laundered Russian-origin gold through UAE and Hong Kong-based front companies.
Source: YAHOO