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Page 10 - மியான்மர் பொருளாதார நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Could abandon Myanmar project if found to violate US sanctions: Adani Ports

Adani Ports and Special Economic Zone Ltd said on Tuesday it could abandon a Myanmar container terminal project and write down the investment if it is found to be in violation of sanctions imposed by the United States. In a scenario wherein Myanmar is classified as a sanctioned country under the Office of Foreign Assets Control (OFAC), or if OFAC opines that the project violates the current sanctions, (Adani Ports) plans to abandon the project and write down the investments, the company said in a filing to exchanges on Tuesday. OFAC, part of the U.S. Treasury Department, administers and enforces economic and trade sanctions based on the country s foreign policy.

India s Adani Ports may abandon Myanmar project if found to violate US sanctions

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adani may abandon myanmar project: Adani Ports may abandon Myanmar project if found to violate US sanctions: अडानी को छोड़ना पड़ सकता है म्यांमार का प्रोजेक्ट, होगा 937 करोड़ रुपये का नुकसान

adani may abandon myanmar project: Adani Ports may abandon Myanmar project if found to violate US sanctions: अडानी को छोड़ना पड़ सकता है म्यांमार का प्रोजेक्ट, होगा 937 करोड़ रुपये का नुकसान
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

Increase in rare-earth mining in Myanmar may be funding junta

Increase in rare-earth mining in Myanmar may be funding junta Many of the illegal mines are in areas controlled by border guard forces and militias with links to the military 3 May 2021 • 6:00am Illegal rare-earth mining in Myanmar’s northern border state of Kachin has surged since the February 1 military coup, raising fears that the illicit profits could be helping to fund the junta. Environmental groups have reported a five-fold increase in excavations for the minerals, commonly used in mobile phones and electronics, as Chinese miners flood across the frontier to the townships of Pangwa and Chipwi. Ja Hkaw Lu, from the Transparency and Accountability Network Kachin (TANK), told the news website Irrawaddy that the situation had spiralled out of control since the overthrow of the civilian government.

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