HONG KONG/WASHINGTON — Semiconductors and other restricted goods shipped through China and Hong Kong to fuel Russia's war effort fell by a fifth this year previously undisclosed US Commerce Department data shows, but Hong Kong remains a global sanctions evasion hotspot.
Semiconductor chips are seen on a printed circuit board in this illustration picture taken Feb 17, 2023.HONG KONG/WASHINGTON — Semiconductors and other restricted goods shipped through China and Hong Kong to fuel Russia's war effort fell by a fifth this year previously undisclosed US Commerce Department data shows, but Hong Kong remains a global sanctions evasion hotspot.
"I think there's some cause for being at least optimistic that we have been able to slow down some of this trade," the official said, but added: "China is still our number one concern." The official declined to share the full data set with Reuters, citing the need to protect the department's access to the information. "What I can say is we have confidence in the source related to imports into Russia."
The data, outlined in an upcoming report by The Committee for Freedom in Hong Kong Foundation and reviewed by Reuters, showed US$750 million worth of CHPL items — ranging from high-end chips by Nvidia and France's Vectrawave, to lower-end chips from Texas Instruments and Intel — were shipped via Hong Kong between August and December 2023.
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