US imports of 'blood teak' from Myanmar continue despite sanctions | Myanmar
The harvesting of the luxury wood contributes to deforestation and profits from its sale support the country’s military regime
Source: theguardian.com
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How retail and logistics CIOs are tackling tech transformation
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Source: raconteur.net
Myanmar teak shipments imported to U.S. despite sanctions, group says
The prized tropical hardwood used in building luxury yachts helps fund Myanmar's military dictatorship and has long ties to crime syndicates.
Source: latimes.com
Italy flouts EU sanctions to trade in Myanmar's illegal timber
EU and US sanctions target the timber and natural resources sector to choke off funds for the junta
Source: ucanews.com
Trafficking of banned Myanmar teak lands German company with $4m fine
Trafficking of banned Myanmar teak lands German company with $4m fine German firm WOB Timber was ordered by a Hamburg court to pay $4 million in fines for illegally trading Myanmar teak. Although there is a regulation that prohibits imports of Myanmar wood into the EU, companies take advantage of legal loopholes to evade it, says the Environmental Investigation Agency (EIA). According to the EIA, demand for Myanmar teakwood contributed to the Southeast Asian country losing a Belgium-size area of forest between 2001 and 2018 WOB Timber, a logging company based in Hamburg, Germany, has been ord...
Source: mongabay.com