Bloomberg
25 March 2021,
Protesters stand off against military junta forces in Yangon on March 16. Source: Getty
The U.S. imposed a fresh round of sanctions targeting the Myanmar military by blacklisting the two largest business entities it controls, according to the Treasury Department.
The sanctions announced Thursday against Myanmar Economic Corp. and Myanma Economic Holdings Ltd., which freeze any assets the two companies hold in the U.S., mark the most severe action taken by any country against the military since it overthrew the civilian-elected government in a coup on Feb. 1.
“These sanctions specifically target the economic resources of Burma’s military regime, which is responsible for the overthrow of Burma’s democratically elected government and the ongoing repression of the Burmese people,” the Treasury Department said in a statement.