Friday, May 9, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

US slaps sanctions on Chinese, Mexican entities in fentanyl action By Reuters

by Reuters
May 31, 2023
in Markets
Reading Time: 2 mins read
A A
0
Home Markets
Share on FacebookShare on Twitter


© Reuters. FILE PHOTO: Plastic bags of Fentanyl are displayed on a table at the U.S. Customs and Border Protection area at the International Mail Facility at O’Hare International Airport in Chicago, Illinois, U.S. November 29, 2017. REUTERS/Joshua Lott/File Photo

By Daphne Psaledakis

WASHINGTON (Reuters) – The United States on Tuesday imposed sanctions on 17 people and entities based in China and Mexico who it accused of enabling production of counterfeit fentanyl-laced pills, as the Biden administration seeks to stem imports of the deadly drug.

The Treasury Department said it slapped sanctions on seven entities and six people based in China, as well as one business and three people based in Mexico.

It accused those targeted of being involved in the sale of pill press machines and other equipment used to impress counterfeit trade markings like Xanax and M30 onto illicitly produced pills, often laced with fentanyl and destined for the United States.

“Treasury’s sanctions target every stage of the deadly supply chain fueling the surge in fentanyl poisonings and deaths across the country,” Treasury’s Under Secretary for Terrorism and Financial Intelligence Brian Nelson said in a statement.

“Counterfeit pills laced with fentanyl constitute a leading cause of these deaths, devastating thousands of American families each year. We remain committed to using all authorities against enablers of illicit drug production to disrupt this deadly global production and counter the threat posed by these drugs.”

The rate of drug overdose deaths involving the synthetic opioid fentanyl more than tripled in the United States from 2016 through 2021, according to a report by the U.S. Centers for Disease Control and Prevention (CDC) released this month.

Fentanyl is up to 50 times stronger than heroin and 100 times stronger than morphine, and has increasingly been mixed with other illicit drugs often with lethal results.

The Biden administration has been pushing for action as U.S. drug-related overdose deaths surpassed 100,000 in 2021, according to government estimates.

Washington has been seeking greater help from Beijing in stemming the illicit flow of fentanyl “precursor” chemicals from China, but U.S. officials have told Reuters that Chinese counterparts have been reluctant to cooperate as relations between the two countries have soured.

The spokesperson for China’s Washington embassy, Liu Pengyu, condemned the Treasury move, saying Washington had “brazenly sanctioned Chinese individuals and entities” and this would “add more obstacles to China-US counter-narcotics cooperation.”

Liu called it “a serious violation of the lawful rights and interests of the companies and individuals concerned” and said Washington was attempting to deflect blame instead of working to reduce the demand and strengthen management of prescription drugs.



Source link

Tags: actionChineseentitiesFentanylMexicanReutersSanctionsSlaps
Previous Post

House Freedom Caucus neutered by debt ceiling deal

Next Post

DeSantis opens US presidential campaign tour with stops in Iowa | Elections News

Related Posts

Autographed Warren Buffett books fetch as much as 0,000 at auction

Autographed Warren Buffett books fetch as much as $100,000 at auction

by Alex Harring
May 9, 2025
0

The Berkshire Hathaway sixtieth Anniversary e-book seen on the Berkshire Hathaway Annual Shareholders Assembly in Omaha, Nebraska on Could 2,...

How to land a job in a ‘low firing, low hiring’ market: economist

How to land a job in a ‘low firing, low hiring’ market: economist

by Greg Iacurci
May 8, 2025
0

Job seekers at a job honest hosted by the Metropolitan Washington Airports Authority to assist federal employees on the lookout...

Walmart to report Q1 FY26 earnings on May 15. Here’s what to expect

Walmart to report Q1 FY26 earnings on May 15. Here’s what to expect

by Staff Correspondent
May 8, 2025
0

The retail business is very delicate to commerce tensions resulting from its heavy reliance on imported items, notably from China....

The Hidden Costs of Poor Deal Management—and How to Avoid Them

The Hidden Costs of Poor Deal Management—and How to Avoid Them

by Ashley Kehr
May 8, 2025
0

Is REAL ID Already Outdated?

Is REAL ID Already Outdated?

by Ian King
May 8, 2025
0

We made it by means of months of marriage ceremony planning with out ever elevating our voices. We negotiated the...

The Fed meets with uncertainty permeating the air. Here’s what to expect

The Fed meets with uncertainty permeating the air. Here’s what to expect

by Jeff Cox
May 7, 2025
0

US Federal Reserve Chair Jerome Powell holds a press convention after the Financial Coverage Committee assembly, on the Federal Reserve...

Next Post
DeSantis opens US presidential campaign tour with stops in Iowa | Elections News

DeSantis opens US presidential campaign tour with stops in Iowa | Elections News

Twilio shares gain amid report activist Legion Partners has met with board

Twilio shares gain amid report activist Legion Partners has met with board

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Altice USA, Inc. 2025 Q1 – Results – Earnings Call Presentation (NYSE:ATUS)

Altice USA, Inc. 2025 Q1 – Results – Earnings Call Presentation (NYSE:ATUS)

May 9, 2025
US to stay out of war that’s none of our business: Vance on India-Pak tensions

US to stay out of war that’s none of our business: Vance on India-Pak tensions

May 9, 2025
Bitcoin exchange inflows show heavy institutional activity, virtually no LTH selling

Bitcoin exchange inflows show heavy institutional activity, virtually no LTH selling

May 9, 2025
‘Leone!’ Vatican crowds hail Leo XIV as new pope of the Catholic Church | Religion News

‘Leone!’ Vatican crowds hail Leo XIV as new pope of the Catholic Church | Religion News

May 9, 2025
Bitcoin: Bitcoin tops 0,000 on trade deal optimism

Bitcoin: Bitcoin tops $100,000 on trade deal optimism

May 9, 2025
Trump loses another election

Trump loses another election

May 9, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Altice USA, Inc. 2025 Q1 – Results – Earnings Call Presentation (NYSE:ATUS)

US to stay out of war that’s none of our business: Vance on India-Pak tensions

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In