US sanctions will make everyday life a headache for Hong Kong’s political leaders and their families, from closed accounts to blocked payments

//US sanctions will make everyday life a headache for Hong Kong’s political leaders and their families, from closed accounts to blocked payments

US sanctions will make everyday life a headache for Hong Kong’s political leaders and their families, from closed accounts to blocked payments

Hong Kong Chief Executive Carrie Lam Yuet-ngor and other officials sanctioned by the US government over a national security law are clinging to the premise that the measures will be harmless because they do not have American bank accounts or own property in the United States.But, the long reach of the American government – and the dominance of the US dollar as a trade currency – could throw up an array of unexpected barriers for so-called specially designated nationals (SDNs), according to…

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By | 2020-08-17T22:00:14+00:00 August 17th, 2020|Business|Comments Off on US sanctions will make everyday life a headache for Hong Kong’s political leaders and their families, from closed accounts to blocked payments