US Blacklists 11 Companies for Uyghur Oppression

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US Blacklists 11 Companies for Uyghur Oppression
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US Blacklists 11 Companies for Uyghur Oppression, Including Suppliers for US Firms

Salih Hudayar is a political refugee and Prime Minister of the East Turkistan Government in Exile.

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The U.S. Sanctions Chinese Firms For Uyghur Oppression

WASHINGTON: July 23, 2020 - The US slapped sanctions on 11 Chinese firms and some suppliers for US firms, on Monday, over their use of forced labor and other forms of repression against the Uyghur Muslims in China.

"Beijing actively promotes the reprehensible practice of forced labor and abusive DNA collection," said Commerce Secretary Wilbur Ross.

The Commerce Department announced that those firms would be put on the "Entity List," an index of companies that are believed to be engaged in "activities contrary to the national security or foreign policy interests of the United States."

Contentious Labor Program

A NY Times video investigation published on Sunday identified Chinese companies using a contentious labor program for Uyghurs to satisfy the demand for P.P.E., some of which ended up in the US and other countries.

Recently, the NY Times reported that the East Turkistan Government in Exile and the East Turkistan National Awakening Movement filed a complaint urging the International Criminal Court to investigate and prosecute China's officials for Genocide and Crimes Against Humanity against Uyghurs and other Turkic peoples in Occupied East Turkistan (renamed Xinjiang).

BBC Video: The UK accuses China of 'gross' human rights abuses against Uyghur Muslims

What do you think about the issue? Why are celebrities taking up the latest chic causes domestically, totally silent on mass scale genocide in a place many do a lot of business?

Tell us in the comments below.

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)www.valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver
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