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U.S. targets Myanmar s gemstone industry to cut funds from junta
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The United States government on Thursday imposed further sanctions targeting the finances of Myanmar s military. Photo by Xiao Long/UPI | License Photo
April 8 (UPI) The United States on Thursday imposed additional punitive sanctions targeting the Myanmar junta over its usurpation of the government and its bloody crackdown on those who protest its coup.
The Treasury said in a statement it was sanctioning state-owned Myanma Gems Enterprise, which is responsible for all gemstone activities in the country.
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Gemstones are a key economic resource for the military regime, it said.