⁍ The U.S. Treasury Department said in a statement it blacklisted the Union Development Group Co Ltd.

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⁍ The department said the Chinese government had used the company’s projects in Cambodia to ‘advance ambitions to project power globally’
It expressed concern that the Cambodian government spokesperson, Phay Siphan, had said that Dara Sakor could be converted to host military assets.

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– The US has slapped sanctions on a Chinese state-owned company for what it says is a land grab in Cambodia that could be used for military purposes. The Treasury Department accused Union Development Group of seizing land from locals for the construction of a resort complex that has included the building of a runway capable of taking some of the world’s biggest planes, Reuters reports. The department says the Chinese government has used the company’s projects in Cambodia to “advance ambitions to project power globally.” “A permanent (Chinese) military presence in Cambodia could threaten regional stability and undermine the prospects for the peaceful settlement of disputes, the promotion of maritime safety and security, and the freedom of navigation and overflight,” the US said in a statement.