News Formal

US to blacklist Myanmar military companies after deadly crackdown – sources

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 86%

Business News News

Business Business Latest News,Business Business Headlines

The military controls vast swathes of Myanmar’s economy through the holding firms and their subsidiaries, with interests ranging from beer and cigarettes to telecom, tires, mining, and real estate.

The White House National Security Council referred inquiries to the Treasury Department, which did not immediately respond to requests for comment.

Activists have been calling for sanctions to starve the military of revenue, and want governments to go further and hit oil and gas projects that are a major source of revenue to Myanmar.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. and Britain blacklist Myanmar military-controlled companiesThe United States and Britain imposed sanctions on conglomerates controlled by Myanmar’s military on Thursday, following the generals’ Feb. 1 coup and deadly crackdown, with Washington calling it a response to “abhorrent violence and abuses.”
Source: inquirerdotnet - 🏆 3. / 86 Read more »