investors ( institutional and retail investors alike) from purchasing or investing in securities of companies identified by the U.S. On November 12, 2020, President Donald Trump signed Executive Order 13959, titled "Addressing the Threat From Securities Investments That Finance Communist Chinese Military Companies". Prohibition of investment in companies linked to China’s military On December 7, 2020, pursuant to the order, the US Department of the Treasury imposed sanctions on entire 14 Vice Chairpersons of the National People's Congress of China, for "undermining Hong Kong's autonomy and restricting the freedom of expression or assembly". The sanction is based on the Hong Kong Autonomy Act and Lam would be listed in the Specially Designated Nationals and Blocked Persons List. In August 2020, Chief Executive Carrie Lam and ten other Hong Kong government officials were sanctioned by the United States Department of the Treasury under an executive order by President Trump for undermining Hong Kong's autonomy.
Main articles: Hong Kong Autonomy Act and Executive Order 13936 Sanctions under Uyghur Human Rights Policy Act The designation was withdrawn in January 2020 after China agreed to refrain from devaluing its currency to make its own goods cheaper for foreign buyers. In August 2019, the United States Treasury designated China a currency manipulator, which resulted in China being excluded from U.S. Various U.S.-based companies immediately froze their business with Huawei to comply with the regulation. companies from doing business with Huawei without a government license.
#LIST OF COUNTRIES CURRENTLY UNDER US SANCTIONS LICENSE#
In addition, on, the Department of Commerce added Huawei and 70 foreign subsidiaries and "affiliates" to its Entity List under the Export Administration Regulations, citing the company having been indicted for "knowingly and willfully causing the export, re-export, sale and supply, directly and indirectly, of goods, technology and services (banking and other financial services) from the United States to Iran and the government of Iran without obtaining a license from the Department of Treasury's Office of Foreign Assets Control (OFAC)". federal government, citing security concerns. In August 2018, President Trump signed the National Defense Authorization Act for Fiscal Year 2019 (NDAA 2019) banned Huawei and ZTE equipment from being used by the U.S. administration imposed an arms embargo against the PRC after the massacre of the protesters. Sanctions after the 1989 Tiananmen Square protests and massacre įollowing the Tiananmen Square Massacre in 1989, the Bush Sr. The trade embargo was lifted under President Richard Nixon in 1972 right before the opening of China and establishment of official relations. Following the onset of the Korean War, further trade restrictions were imposed. Sanctions in the early PRC (1949–1979) Īfter the establishment of Communist rule in China in 1949, an embargo against the sale of military technology or infrastructure, previously levied against the Soviet Union, was expanded to include the newly established People's Republic of China. 7 Prohibition of investment in companies linked to China’s military.6 Sanctions under Hong Kong Autonomy Act.5 Sanctions under Uyghur Human Rights Policy Act.2 Sanctions after the 1989 Tiananmen Square protests and massacre.1 Sanctions in the early PRC (1949–1979).
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