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EU sanctions no 'silver bullet' against Myanmar's illegal timber trade, experts say

EU sanctions no 'silver bullet' against Myanmar's illegal timber trade, experts say
mongabay.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mongabay.com Daily Mail and Mail on Sunday newspapers.

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Trafficking of banned Myanmar teak lands German company with $4m fine

Trafficking of banned Myanmar teak lands German company with $4m fine
German firm WOB Timber was ordered by a Hamburg court to pay $4 million in fines for illegally trading Myanmar teak.
Although there is a regulation that prohibits imports of Myanmar wood into the EU, companies take advantage of legal loopholes to evade it, says the Environmental Investigation Agency (EIA).
According to the EIA, demand for Myanmar teakwood contributed to the Southeast Asian country losing a Belgium-size area of forest between 2001 and 2018
WOB Timber, a logging company based in Hamburg, Germany, has been ordered by a court to pay a $4 million fine for illegally trading Myanmar timber. The April 27 decision was one of the highest financial penalties for this type of crime in the European Union. ....

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US imposes new Myanmar sanctions on two state-owned businesses

In this file photo taken on Sept 14, 2016, a cargo truck transports logs in Yangon. The US Treasury placed Myanmar state-owned timber and pearl businesses on its sanctions blacklist on April 21, 2021. - AFP
WASHINGTON (Reuters): The United States imposed sanctions on two more state-owned enterprises in Myanmar on Wednesday (April 21) in the latest in a series of punitive actions following the country s military coup, and said it would take further action.
The US Treasury Department in a statement said it imposed sanctions on Myanma Timber Enterprise (MTE) and Myanmar Pearl Enterprise (MPE), adding that the pearl and timber industries are economic resources for the Myanmar military. ....

District Of Columbia , United States , Antony Blinken , Suu Kyi , Us Treasury Department , Environmental Investigation Agency , Assistance Association For Political Prisoners , Myanma Timber Enterprise , Myanmar Pearl Enterprise , Southeast Asian , Aung San Suu Kyi , State Antony Blinken , Assistance Association , Political Prisoners , Faith Doherty , Human Rights Now , மாவட்டம் ஆஃப் கொலம்பியா , ஒன்றுபட்டது மாநிலங்களில் , ஶ்யூயூ கீ , எங்களுக்கு கருவூலம் துறை , உதவி சங்கம் க்கு பொலிடிகல் ப்ரிஸநர்ஸ் , தென்கிழக்கு ஆசிய , ஆங் சான் ஶ்யூயூ கீ , உதவி சங்கம் , பொலிடிகல் ப்ரிஸநர்ஸ் , நம்பிக்கை டோவர்டீ ,

US imposes new sanctions on two state-owned Myanmar businesses

US imposes new sanctions on two state-owned Myanmar businesses
bdnews24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bdnews24.com Daily Mail and Mail on Sunday newspapers.

District Of Columbia , United States , Antony Blinken , Suu Kyi , Us Treasury Department , Environmental Investigation Agency , Assistance Association For Political Prisoners , Myanmar Timber Enterprise , Myanmar Pearl Enterprise , Southeast Asian , Aung San Suu Kyi , State Antony Blinken , Assistance Association , Political Prisoners , Faith Doherty , Human Rights Now , மாவட்டம் ஆஃப் கொலம்பியா , ஒன்றுபட்டது மாநிலங்களில் , ஶ்யூயூ கீ , எங்களுக்கு கருவூலம் துறை , உதவி சங்கம் க்கு பொலிடிகல் ப்ரிஸநர்ஸ் , மியான்மர் மரம் நிறுவன , தென்கிழக்கு ஆசிய , ஆங் சான் ஶ்யூயூ கீ , உதவி சங்கம் , பொலிடிகல் ப்ரிஸநர்ஸ் ,

US imposes fresh sanctions on Myanmar

US imposes fresh sanctions on Myanmar
The Southeast Asian country has been in crisis since the February coup when the military seized power from Aung San Suu Kyi’s elected government
Reuters
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Published 22.04.21, 02:21 AM
The US on Wednesday imposed fresh Myanmar-related sanctions, targeting two state-owned enterprises in the latest in a series of punitive actions following the country’s military coup as Washington said it would take further action.
The US treasury department in a statement said it blacklisted Myanma Timber Enterprise (MTE) and Myanmar Pearl Enterprise, adding that the pearl and timber industries are economic resources for the Myanmar military. ....

District Of Columbia , United States , Antony Blinken , Suu Kyi , Environmental Investigation Agency , Assistance Association For Political Prisoners , Myanma Timber Enterprise , Myanmar Pearl Enterprise , Southeast Asian , Aung San Suu Kyi , Assistance Association , Political Prisoners , Faith Doherty , மாவட்டம் ஆஃப் கொலம்பியா , ஒன்றுபட்டது மாநிலங்களில் , ஶ்யூயூ கீ , உதவி சங்கம் க்கு பொலிடிகல் ப்ரிஸநர்ஸ் , தென்கிழக்கு ஆசிய , ஆங் சான் ஶ்யூயூ கீ , உதவி சங்கம் , பொலிடிகல் ப்ரிஸநர்ஸ் , நம்பிக்கை டோவர்டீ ,