Company ‘pushes poison for profit’, Treasury Department says in statement.
The United States on Wednesday sanctioned a Chinese chemical company that it alleges is manufacturing and coordinating shipments of illicit opioids, such as fentanyl, and chemical agents into the country. The move comes amid recent stepped-up moves in Washington to target China on the fentanyl issue despite stabilising bilateral ties.
A Treasury Department statement said sanctions have been placed on Guangzhou Tengyue Chemical, based in China’s southern Guangdong province, and two of the company’s representatives.
