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Myanmar Junta Reaps Millions in Gem Sales as Economy Crumbles

Myanmar Junta Reaps Millions in Gem Sales as Economy Crumbles
A buyer examines a piece of jade at a gems market in Mandalay, Myanmar, in March 2019. Photo: IC Photo
(Nikkei Asia) Fresh economic data from private research groups suggest that Myanmar’s economy is deteriorating more sharply than feared after the Feb. 1 coup, with heightened risks of soaring inflation, collapsing trade and increased poverty.
At the same time, recent days have seen a remarkable display of the military’s grasp on Myanmar’s natural resources, with a multi-million dollar, 10-day auction of gems, jade and pearls in the capital, Naypyitaw. ....

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US targets Myanmar gem company, seeking to deprive funding

US targets Myanmar gem company, seeking to deprive funding
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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US targets Myanmar gem company, seeking to deprive funding

US targets Myanmar gem company, seeking to deprive funding
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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Myanmar Sanctions And Export Controls - International Law

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The Biden Administration has been quick to respond to the
unfolding situation in Myanmar (also known Burma): a day after the
military, known as the Tatmadaw, seized control of the
country s government, the State Department declared the actions a coup d état,
resulting in a cutoff of many categories of foreign assistance.
Other sanctions followed soon after. As a result, both new economic
sanctions and export controls restrict-currently only in targeted
ways-US trade with Burma.
New Sanctions
In particular, on February 11, 2021, President Biden signed Executive Order on Blocking Property with Respect ....

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Me And Mah' Sanctions: U.S. Imposes Measures Targeting Myanmar Military Government - International Law

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On February 1, 2021, the Myanmar military overthrew the
country s democratically elected government and installed an
army general as head of state, with a cadre of military officials
and their allies running the government.
On February 10, 2021, in response to the Myanmar military coup,
President Biden issued Executive Order 14014 entitled, Blocking
Property With Respect to the Situation in Burma (E.O. 14014
or the E.O.).
1 That E.O. targets members of the
Myanmar military and government, and threatens sanctions on parties
that provide support to persons and entities sanctioned under the ....

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