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The Myanmar military conglomerates sanctioned by U S and Britain
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US and UK impose sanctions on conglomerates controlled by military of Myanmar
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The Myanmar military conglomerates sanctioned by U S and Britain
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
YANGON, 17 February 2021: Tourism crops up as one of the industries that line the pockets of Myanmarâs ruling government but nothing on the scale of mines, banks, petroleum, agriculture and the gems trade.
Experts and activists say key industries that have attracted foreign investors give army chiefs access to “enormous wealth from the sprawling conglomerates they control”, according to a widely publicised AFP report this week.
The report accuses the military coup leaders of “vested
interests in large swathes of the country’s economy, providing them with a
colossal and closely guarded fortune that the US President has targeted with