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Myanmar army 'tightens grip' on multibillion jade trade: Report | International Trade News

Myanmar army 'tightens grip' on multibillion jade trade: Report | International Trade News
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Myanmar's army "tightens" trade in jade: Report | International Trade News

Myanmar's army "tightens" trade in jade: Report | International Trade News
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US Imposes Restrictions on Burma Following Military Coup | Skadden, Arps, Slate, Meagher & Flom LLP

US Imposes Restrictions on Burma Following Military Coup | Skadden, Arps, Slate, Meagher & Flom LLP
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Myanmar's military makes money grab

YANGON, 17 February 2021: Tourism crops up as one of the industries that line the pockets of Myanmarâs ruling government but nothing on the scale of mines, banks, petroleum, agriculture and the gems trade.
Experts and activists say key industries that have attracted foreign investors give army chiefs access to “enormous wealth from the sprawling conglomerates they control”, according to a widely publicised AFP report this week.
The report accuses the military coup leaders of “vested
interests in large swathes of the country’s economy, providing them with a
colossal and closely guarded fortune that the US President has targeted with ....

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Biden Administration Announces New Sanctions, Export Controls Following Burma's Military Coup | Wiley Rein LLP

[co-author: Nicole Hager]
On February 11, 2021, the Biden Administration created a new sanctions regime and imposed additional export restrictions in response to the recent military coup in Burma. While the new measures do not broadly prohibit doing business with Burma, they do forbid U.S. companies and individuals from engaging in transactions with several current and former military officials, as well as certain Burmese companies, and impose more stringent export controls on Burma’s Ministry of Defense, Ministry of Home Affairs, armed forces, and security services.
Following the issuance of an Executive Order (EO) in response to the military coup that took place in Burma on February 1, 2021, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned 10 individuals and three entities responsible for the coup. The sanctioned persons include six members of the National Defense and Security Council who were directly involved in the coup. OFAC also ....

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