CE Says He Laughs Off "barbaric" US Sanctions

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2022-10-11 HKT 13:07

Share this story

facebook

  • CE says he laughs off "barbaric" US sanctions

Chief Executive John Lee on Tuesday said he will just "laugh off" sanctions imposed on Hong Kong officials, saying such actions are "barbaric".

"The so-called sanction imposed on people in Hong Kong without justification, it is a very barbaric act. And I'm not going to comment on the effect of such a barbaric act, because officials in Hong Kong do what is right to protect the interests of the country and the interests of Hong Kong. So we will just laugh off the so-called sanctions," he told reporters ahead of the weekly Executive Council meeting.

On a superyacht berthed in the SAR that is tied to a Russian businessman sanctioned by western countries, Lee said, "We cannot do and will not do anything that has no legal basis."

The 56-year-old oligarch, Alexey Mordashov, has been the target of sanctions from the European Union, the United Kingdom and the United States amid the conflict between Russia and Ukraine.

But the CE made it clear Hong Kong will comply with United Nations sanctions. "In Hong Kong, we will respect the rule of law, and we will do anything when there is a legal basis.

"We will comply with any United Nations resolution on sanctions, because Hong Kong has the legal basis to enforce it… that is our system, that is our rule of law."

On a government move to put on hold plans to enact Article 23 of the Basic Law, Lee said there’s a need to be more cautious when dealing with this piece of legislation.

"In terms of national security, risks are ever-changing, and we see rapid deterioration in geopolitics. In the past, we never imagined that some measures can be used to attack another country to threaten its national security. Against that background, we must be able to legislate an effective piece of legislation that can tackle extreme circumstances. Therefore, the legislation must be thorough and in-depth," Lee said.

"We do not want to come out with a piece of legislation with loopholes, requiring us to review it again too soon."

Some lawmakers had earlier revealed that the item was removed from the Legislative Council’s agenda, meaning the legislation won't be introduced in December as planned.

RECENT NEWS

HashKey Lists On Hong Kong Exchange

HashKey listed on the Main Board of The Stock Exchange of Hong Kong Limited, becoming the first digital asset company t... Read more

North Korea Linked To Over Half Of 2025 Crypto Heist Losses

TRM has published new research showing that North Korea-linked actors were responsible for more than half of the US$2.7... Read more

South Korea Forms Task Force After Coupang Data Breach

The South Korean government announced on Thursday (19 December) that it will establish an interagency task force to add... Read more

Is Hong Kongs Default Life Insurance Choice A Wealth Drain?

Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more

RedotPay Secures $107M Series B, Total Funding Hits $194M

RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more

91% Of Hong Kong Merchants Lose Revenue To Payment Friction

Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more