WASHINGTON : The United States on Monday imposed financial sanctions and a travel ban on 14 Chinese officials over their alleged role in Beijing's disqualification last month of elected opposition legislators in Hong Kong. Hong Kong’s Beijing-backed government last month expelled four opposition members from its legislature after China’s parliament gave city authorities new powers to curb dissent. The sanctions prohibit the 14 individuals and their immediate members from traveling to the United States. Any assets the officials might have within the United States will be blocked and U.S. individuals and companies will be banned from dealing with them. The news kept global markets on edge as investors fretted over fresh Sino-U.S. tensions, which offset bets over more stimulus in Europe and the United States.

Source: Mint December 07, 2020 16:41 UTC