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Stock impact report

U.S. imposes sanctions over abuses, targets China and Russia [Reuters]

Pingtan Marine Enterprise Ltd. - Ordinary Shares (PME) 
NASDAQ:AMEX Investor Relations: ptmarine.com
Company Research Source: Reuters
Russia election body targeted over referendums Other orders mention Tibet, Iran protests WASHINGTON, Dec 9 (Reuters) - The United States on Friday imposed sanctions on dozens of people and entities over alleged rights abuses, including Russia's Central Election Commission, Iranian officials and Chinese nationals. The U.S. Treasury Department said it imposed sanctions on Li Zhenyu and Zhuo Xinrong, both Chinese nationals, and 10 entities linked to the two, including Nasdaq-listed Pingtan Marine Enterprise (PME), over what Washington says are human rights abuses tied to China-based illegal fishing. The designation of PME (PME.O) marks the first time the U.S. has imposed sanctions on an entity listed on the NASDAQ stock exchange. PME, its founder Zhuo, another of the sanctioned companies Dalian Ocean Fishing Co., and China's embassy in Washington did not immediately respond to requests for comment. Washington also targeted 157 China-flagged fishing vessels linked to the sanc Show less Read more
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