On Friday (December 9), the United States imposed sanctions on individuals and companies, including Nasdaq-listed Pingtan Marine Enterprises (PME), for human rights violations Washington said were linked to illegal fishing in distant waters based in China stand.
The Ministry of Finance has imposed sanctions on Li Zhenyu and Xinrong Zhuo, both Chinese citizens, and 10 companies they control, including Dalian Ocean Fishing and Pingtan Marine Enterprise, the US Office of Foreign Assets Control (OFAC) said. he said.
The Treasury Department condemns the practices of today's sanctioned individuals, which often involve human rights abuses, undermine basic labor and environmental standards, and harm the economic prospects of local people in the Indo-Pacific," Treasury Undersecretary for Terrorism and Financial Intelligence Brian Nelson said in the Statement The appointment as PME marks the first time the US has sanctioned a Nasdaq-listed company.
The Treasury Department also granted general licenses allowing Americans to engage in certain transactions related to the settlement of financial contracts and other agreements related to PME or the sale or transfer of PME's debt or equity through March 9 participate.
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