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While many in the gem industry call the recent military coup in Myanmar (formerly Burma) a terrible tragedy, they also fear what will happen to the country’s gemstones in its wake.
On Thursday, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned three gemstone and jade companies Myanmar Ruby Enterprise, Myanmar Imperial Jade Co., and Cancri (Gems and Jewellery) Co. it said were connected to the country’s military. That means those three companies are not allowed to do business in the United States, or with U.S. companies. (The full list of recently sanctioned entities and individuals from Myanmar can be seen here.)
The Biden administration announced Thursday that new sanctions against Myanmar will target the country’s top military officials who ordered this month’s coup in the Southeast Asian country. The sanctions name top military commander Min Aung Hlaing and his deputy Soe Win, as well as four members of the State Administration Council. The executive order signed […]
The US has slapped a raft of sanctions on Myanmar’s top military to block their access to more than a billion dollars in government funds being held in America, and will redirect millions in US aid to “strengthen civil society.”
Biden to redirect USD 42 4 million assistance from Myanmar theusnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theusnews.com Daily Mail and Mail on Sunday newspapers.
FACT SHEET: Biden-Harris Administration Actions in Response to the Coup in Burma whitehouse.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from whitehouse.gov Daily Mail and Mail on Sunday newspapers.