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United States Targets Leaders of Burma s Military Coup Under New Executive Order

United States Targets Leaders of Burma s Military Coup Under New Executive Order
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US sanctions Myanmar gemstone company - Jeweller Magazine: Jewellery News and Trends

US sanctions Myanmar gemstone company - Jeweller Magazine: Jewellery News and Trends
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United States, European Union and United Kingdom Intensify Sanctions on Burma | White & Case LLP

To embed, copy and paste the code into your website or blog: On March 25, 2021, the United States imposed sanctions on Myanma Economic Holdings Public Company Limited ( MEHL ) and Myanmar Economic Corporation Limited ( MEC ), Burma s two largest military conglomerates. 1 On the same day, the United Kingdom announced sanctions on MEHL. On April 8, the United States imposed sanctions on Myanma Gems Enterprise ( MGE ), a Burmese state-owned entity responsible for all gemstone activities in Burma, 2 and on April 9 the United States introduced further export controls on Burma. 3 These sanctions follow a wave of restrictive measures imposed by the United States, the United Kingdom, Canada, and the European Union targeting those associated with the Burmese military and security forces who participated in the military s takeover of the country on February 1, 2021, and the subsequent military and police repression against the Burmese people. The sanctions substantially increase the compli

Myanmar Junta Reaps Millions in Gem Sales as Economy Crumbles

Myanmar Junta Reaps Millions in Gem Sales as Economy Crumbles A buyer examines a piece of jade at a gems market in Mandalay, Myanmar, in March 2019. Photo: IC Photo (Nikkei Asia) Fresh economic data from private research groups suggest that Myanmar’s economy is deteriorating more sharply than feared after the Feb. 1 coup, with heightened risks of soaring inflation, collapsing trade and increased poverty. At the same time, recent days have seen a remarkable display of the military’s grasp on Myanmar’s natural resources, with a multi-million dollar, 10-day auction of gems, jade and pearls in the capital, Naypyitaw.

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