Why has the US blacklisted a Chinese firm in Cambodia?

The United States has blacklisted a Chinese company building the Dara Sakor resort in Cambodia over alleged corruption charges.

The US Treasury Department’s Office of Foreign Assets Control announced that the Union Development Group (UDG) “forced Cambodians from their land and devastated the environment, hurting the livelihoods of local communities, all under the guise of converting Cambodia into a regional logistics hub and tourist destination.”

Washington imposed sanctions on the Chinese company under the Global Magnitsky Act. The act empowers the US government to target human rights violators globally by freezing their funds and prohibiting companies from doing business with them.

In full: https://www.aseantoday.com/2020/10/why-has-the-us-blacklisted-a-chinese-firm-in-cambodia/

Related Stories

Exit mobile version