In a secretive seventh-floor office in Hong Kong, multiple companies are engaging in the illicit trade of Western technology to Russia. Located at 135 Bonham Strand near the financial district, these shell companies have been acquiring restricted chips and sensors for Russian military technology firms, many of which are under U.S. sanctions.
Operating under names like Olax Finance and Rikkon Holding, these companies have been flying under the radar with their shady operations. The office, marked with a faded 704 on the door, appears vacant with no one present during a recent visit. An air-conditioning ad hangs in the door’s crack, adding to the mysterious ambiance of the location.
With an air of secrecy and intrigue, these companies are navigating the murky waters of international trade, bypassing regulations and sanctions to supply technology to Russian military entities. The New York Times’ investigation sheds light on the illicit activities conducted from this inconspicuous office in Hong Kong.\
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