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
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Myanmar ambassador locked out of London embassy âseizedâ by military
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By Lizzie Roberts and Lucy Fisher
April 8, 2021 â 9.50am
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London: The Myanmar embassy in London was âstormedâ and seized by allies of the nationâs new military regime, the ambassador has alleged.
Kyaw Zwar Minn, who has served as the Asian nationâs ambassador to the UK since 2014, said he had been âbetrayedâ by former colleagues whom he had worked alongside in the building.
Kyaw Zwar Minn, the Myanmar ambassador (centre), talks with his staff outside the Myanmar embassy in Mayfair, London.
The company, which has dozens of subsidiaries, was sanctioned last month by the U.S.
The city of Yangon in the evening. (Source: Alexander Schimmeck, via Unsplash)
By Samuel Rubenfeld and Helen Koo
Wednesday, April 7, 2021
The U.K. last week sanctioned Myanmar Economic Corporation (MEC), a military-linked conglomerate, over its involvement in human rights abuses following the coup.
MEC, which has dozens of subsidiaries involved in manufacturing, mining and telecommunications, was also sanctioned last month by the U.S., and is listed by Canada. Though the firm is owned in practice by the Myanmar defense ministry, it is associated with the Tatmadaw, the armed forces, according to a sanctions notice issued by the U.K. government.
The Adani Business Formula: Dealing with Myanmar s Military thenews-chronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews-chronicle.com Daily Mail and Mail on Sunday newspapers.