US Hits Myanmar Pearl, Timber Companies With Sanctions - New Delhi Times - India's Only International Newspaper

April 22, 2021
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The United States has imposed sanctions on the Myanmar state-owned Myanma Timber Enterprise and Myanmar Pearl Enterprise to further pressure the military government, which seized power in a February coup.
“The Burmese military derives significant funding from state-owned enterprises in the natural resources market. Today’s action demonstrates the United States’ commitment to targeting this specific funding channel and promoting accountability for those responsible for the coup and ongoing violence,” said Andrea Gacki, director of the U.S. Department of the Treasury’s Office of Foreign Assets Control.
There was no immediate response from the government in Myanmar, also known as Burma..

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