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Showing posts with label Companies. Show all posts
Showing posts with label Companies. Show all posts

Friday, April 23, 2021

U.S. imposes additional sanctions on Myanmar, targeting two companies linked to the country’s military.

The New York Times
By Glenn Thrush
April 21, 2021
Myanmar’s thriving timber and pearl industries are sources of funding for the military and its leadership.Credit...Romeo Gacad/Agence France-Presse — Getty Images



American officials announced new sanctions on Myanmar in the wake of the recent military coup, targeting two state-owned businesses with connections to the armed forces as part of an escalating international effort to jolt the country back onto a democratic path.

The move on Wednesday came two days after European Union officials expanded their own sanctions against Myanmar’s military leadership, targeting 10 officials who were involved in toppling Aung San Suu Kyi’s elected government and a violent crackdown on protesters.