The U.S. Commerce Department revealed that this year, shipments of high-performance processors and other restricted goods from China and Hong Kong to Russia have decreased by 20%, reports Reuters. Despite this reduction, Hong Kong remains a key hub for sanctions evasion as it facilitates the flow of critical components to Russia.
Between January and May, transshipments of crucial components, known as Common High Priority Items (CHPL) through Hong Kong fell by 28%, while those through mainland China, excluding Hong Kong, dropped by 19%. This data, disclosed for the first time by a U.S. Commerce Department official, underscores the ongoing efforts to curb Russia's access to military-grade technology amid its war with Ukraine.
