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US Sanctions Pose Huge Risks for Myanmar Businesses A container port in Yangon. / The Irrawaddy 359 By JOHN SQUIRE 2 April 2021 Since the Myanmar military’s coup of Feb. 1, the United States, European Union and other western countries have imposed targeted sanctions on military generals. On March 25, in a coordinated move, both the US and UK imposed sanctions on the military- owned Myanmar Economic Cooperation (MEC) and Myanmar Economic Holdings Limited (MEHL). Recently, US authorities have become more aggressive enforcing sanction laws placing Myanmar and foreign businesses at increased risk of civil and criminal penalties including worldwide bank account seizures, heavy fines, and criminal prosecutions.

Aung hlaingUnited statesUnited kingdomMin aung hlaingAdministration councilMyanmar economic holdings limitedEuropean unionUs department of the treasuryMyanmar economic cooperationSpecially designated nationalsBlocked persons listState administration councilSenior general min aung hlaingHuawei chief financial officerஆங் லைங்க்ஒன்றுபட்டது மாநிலங்களில்