US imposes additional sanctions on Myanmar, targeting two ju

US imposes additional sanctions on Myanmar, targeting two junta-linked businesses


WASHINGTON (NYTIMES) - American officials announced new sanctions on Myanmar in the wake of the recent military coup, targeting two state-owned businesses with connections to the armed forces as part of an escalating international effort to jolt the country back onto a democratic path.
The move on Wednesday (April 21) came two days after European Union officials expanded their own sanctions against Myanmar's military leadership, targeting 10 officials who were involved in toppling Aung San Suu Kyi's elected government and a violent crackdown on protesters.
The Treasury Department identified Myanmar Timber Enterprise and Myanmar Pearl Enterprise, representing the country's thriving timber and pearl industries, as sources of funding for the military and its leadership. The sanctions bar the companies from doing business in the United States or with American companies, and their assets were frozen under Wednesday's order.

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