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On March 25, 2021, the United States imposed sanctions on Myanma Economic Holdings Public Company Limited ( MEHL ) and Myanmar Economic Corporation Limited ( MEC ), Burma s two largest military conglomerates.
1 On the same day, the United Kingdom announced sanctions on MEHL. On April 8, the United States imposed sanctions on Myanma Gems Enterprise ( MGE ), a Burmese state-owned entity responsible for all gemstone activities in Burma,
2 and on April 9 the United States introduced further export controls on Burma.
3 These sanctions follow a wave of restrictive measures imposed by the United States, the United Kingdom, Canada, and the European Union targeting those associated with the Burmese military and security forces who participated in the military s takeover of the country on February 1, 2021, and the subsequent military and police repression against the Burmese people. The sanctions substantially increase the compli
United States: US Government sanctions Burmese military conglomerates, issues wind-down and humanitarian General Licenses and tightens export controls for Burma (Myanmar)
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Myanmar junta uses force on streets; US, UK target finances
March 25, 2021 GMT
YANGON, Myanmar (AP) As Myanmar’s junta used violence again Thursday to try to suppress protests against the military’s takeover, the United States and Britain announced tough sanctions against two holding companies that provide financial sustenance for the army regime.
The U.S. Treasury Department said its action against Myanma Economic Holdings Public Company Limited and Myanmar Economic Corporation Limited targeted the army’s control of large parts of the country’s economy, “which is a vital financial lifeline for the military junta.”
The sanctions against the two companies and their holdings blocks access to any property they control in the United States and effectively bars any U.S. person or company from conducting any sort of business with them, including supplying them with funds or providing goods or services. The department’s Office of Foreign Assets Control can make exception