US sanctions Chinese companies accusing them of providing chemicals used to create fentanyl to drug gangs

Washington: According to a statement from the US Treasury Department, Washington placed penalties on two Chinese companies on Friday after accusing them of providing precursor chemicals to Mexican drug gangs used in the creation of illegal fentanyl destined for the American market. The Treasury said that as part of the campaign against fentanyl manufacture, five individuals with addresses in China and Guatemala were also named. “Illicit fentanyl is responsible for the deaths of tens of thousands of Americans each year,” the Treasury’s under-secretary for terrorism and financial intelligence, Brian Nelson, said in the statement. “Treasury, as part of the whole-of-government effort to respond to this crisis, will continue to vigorously apply our tools to prevent the transfer of precursor chemicals and machinery necessary to produce this drug,” Nelson said. The Treasury in the statement said it slapped sanctions on China-based chemical companies Wuhan Shuokang Biological Technology Co Ltd and Suzhou Xiaoli Pharmatech Co Ltd, as well as four Chinese nationals. Three of those targeted were indicted earlier this month by a federal grand jury in US District Court in New York for conspiracy charges, including fentanyl importation and money laundering, the Treasury said. Also targeted was a Guatemala-based broker of fentanyl precursor chemicals, who the Treasury said buys fentanyl precursor on behalf of Mexico-based drug traffickers. Mexico and the United States on Thursday agreed to ramp up the fight against fentanyl trafficking. Both countries have in recent weeks asked China to help curb the shipment of precursor chemicals coming from the Asian country, in order to prevent the production of the synthetic drug responsible for thousands of deaths in the United States. Read all the Latest News , Trending News ,  Cricket News , Bollywood News , India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.