The U.S. government officially removed Chinese smartphone maker Xiaomi Corp. from its blacklist, ending the Trump-era ban prohibiting Americans from investing in the company. In their.
Authorities reported on Saturday that the Chong Bong sank roughly 30 miles off of Japan’s Oki Islands. The Chong Bong reportedly alerted the Japanese Maritime Security Agency (MSA) that it had begun to take on water, after which time the crew boarded lifeboats.
Notorious Myanmar Arms Broker Joins Military Leaders on Russia Trip
Notorious Myanmar Arms Broker Joins Military Leaders on Russia Trip
U Tay Za (left) transfers a military sports stadium which was built and donated by his Htoo Group of companies and GDZR company at the Military Technology University in Pyin Oo Lwin Township, Mandalay Region in 2014. / U Tay Za
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By The Irrawaddy 19 May 2021
The Myanmar junta sent a high-ranking military delegation to Moscow this week. Air force chief General Maung Maung Kyaw led the team and was accompanied by other high-ranking military officers.
Joining the delegation was well-known Myanmar tycoon U Tay Za, according to several business sources in Yangon and Naypyitaw. Early this week, U Tay Za flew in from Singapore to Myanmar’s capital on a private jet and held a series of meetings with top brass before the Russia trip. Sources in Myanmar added that the delegation members will discuss with their Russian counterparts over 20 megaproj
In Short
The Situation: On April 15, 2021, the United States issued a new executive order and related directive imposing additional sanctions on Russia that target dealings in Russian sovereign debt, the technology and defense sectors of the Russian economy, and the Russian government and its agents.
The Result: Expanding on existing sanctions, the United States imposed focused restrictions on participating in certain ruble and non-ruble denominated bond and debt transactions with the Russian government, imposed blocking sanctions on several Russian technology companies, and laid the groundwork for future sanctions.
Looking Ahead: U.S. financial institutions and companies should carefully review ongoing or prospective dealings in Russian sovereign debt or targeted sectors of the Russian economy in order to ensure compliance with these new sanctions and to prepare themselves for potential additional prohibitions. A White House press release warned that additional technology and so