Several of their companies were also designated
(Source: MgHla (aka) Htin Linn Aye, via Wikimedia Commons)
By Samuel Rubenfeld, Edmund Xu and Helen Koo
Thursday, March 11, 2021
Two adult children of Min Aung Hlaing, the Burmese military commander-in-chief who led the February coup, were sanctioned by the U.S., along with six companies they own or control.
An executive order issued by the White House following the coup explicitly authorized sanctions on the adult children of designated Burmese military leaders and officials. Min Aung Hlaing, sanctioned by the U.S. for leading the coup, had also previously been designated for human rights abuses tied to the military’s mass killing of Rohingya and other Burmese minorities.
S&P 500, Nasdaq rally on Apple, Tesla
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Wall Street rallied late with the S&P 500 and Nasdaq ending in positive territory, even as optimism about more stimulus faded and concerns about both the availability of vaccines and the pace of vaccinations.
At the close, the S&P 500 had edged 0.4 per cent higher and the Nasdaq had run up 0.7 per cent. The Dow slipped 0.1 per cent. Stocks fluctuated through the session; all three benchmarks were lower at midday.
Gains in Apple and Tesla, both poised to report results later this week, were helped to bolster sentiment. Both reset record highs earlier in the session with Tesla briefly topping $US900 a share. Apple rose 2.8 per cent; Tesla closed up 4 per cent at $US880.80.
Trump administration quietly eased sanctions against Israeli mining magnate Gertler By Aaron Ross
Supporters of Trump listen during his last speech as president at Joint Base Andrews, Maryland
DAKAR (Reuters) – In its final week in office, former U.S. President Donald Trump’s administration eased sanctions against Israeli mining magnate Dan Gertler that were imposed for alleged corruption in Congo, according to a license issued by the Treasury Department.
The license, which was not announced publicly, was issued by Treasury’s Office of Foreign Assets Control (OFAC), according to a Jan. 15 letter to Gertler’s lawyers that was obtained by The Sentry, a Washington D.C.-based anti-corruption group, and seen by Reuters.
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The U.S. Treasury Department on Tuesday sanctioned three individuals, fourteen entities, and six vessels for their ties to a Mexico-based network involved in the sale of Venezuelan oil benefitting the government of President Nicolas Maduro.
The list of actors designated by Treasury’s Office of Foreign Assets Control (OFAC) includes an Italian and a Swiss citizen, as well as a Venezuelan-Spanish dual citizen. The listed entities include organizations based in places like Malta, Panama and Zimbabwe. Two U.S. companies based in New York City were also designated.
Starting today, U.S. property of the sanctioned entities is frozen, while U.S. based companies that are more than 50% owned by the designated individuals and entities are blocked.
The Treasury Department on Friday announced sanctions on Cuba's Ministry of Interior and its director due to allegations of "serious human rights abuse," the latest in a string of hard-line actions aimed at the Caribbean nation in the final days of the Trump administration. The Treasury's Office of Foreign Assets Control (OFAC) announced in a press release that it was sanctioning Cuba's interior ministry, along with its minister, Lazaro.