on Tuesday sanctioned 28 persons and entities for their alleged involvement in a China-based trafficking network that helped fuel the worst drug crisis in the history of the United States.
The sanctioned actors were barred from the U.S. financial system, and American citizens were prohibited from engaging in financial transactions with them. Additionally, more than a dozen virtual currency wallets were blocked after having received millions of dollars in payments, Wally Adeyemo, the deputy treasury secretary, said in a press conference.
Adeyemo said the department would bring its entire toolkit to bear and work alongside law enforcement to identify the key players involved in trafficking the substances. The U.S. government would freeze or obstruct the capital they use to make and move the drugs, and recover the money spent purchasing them, he said.
US Chief Postal Inspector Gary Barksdale speaks during a press conference to announce disruptions of the fentanyl precursor chemical supply chain at the Justice Department in Washington, DC, on October 3, 2023.one year ago, Beijing's former envoy to Washington, Qin Gang, said China had followed through on its obligations under a 1988 U.N. convention against illicit drug trafficking.
The Biden administration last month committed an additional $450 million to fund drug"prevention, harm reduction, treatment and recovery support" to combat the opioid overdose epidemic.
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