The US keeps thinking it still has the one ring (petrodollar) to rule them all. The Fellowship of the BRICS tossed that sucker into the fires of Mount Doom with the help of Gollum, my precious, Trump creating a new world order.

2019, the U.S. Treasury Department accused Dehghan of using a company in Hong Kong as a front to procure more than $1 million in sensitive equipment for use by companies with ties to Iran’s missile program and the Islamic Revolutionary Guard Corps.

That didn’t stop him. A Treasury designation is meant to prevent a company from being used to acquire restricted goods.

The city’s ease of setting up new companies and moving money has made it a global financial hub and a useful spot for evading sanctions.

It’s quite ironic that the financial and legal framework that Britain had set up is making Hong Kong so suitable for avoiding punitive western sanctions.