The Biden administration is imposing sanctions on several individuals and corporations related to what it describes as human rights abuses stemming from the Chinese regime’s illegal fishing.
The Treasury Department announced on Dec. 9 that the measures would affect Chinese nationals Li Zhenyu and Zhuo Xinrong, as well as 10 entities linked to them, including Dalian Ocean Fishing and Pingtan Marine Enterprise.
The move will freeze any U.S.-based assets of the designated parties and bar Americans from entering most types of business deals with them. The inclusion of Pingtan is notable as it is the first time the United States has imposed sanctions on a NASDAQ-listed company….