Myanmar

US blacklists two Myanmar military-controlled companies The United States on Thursday sanctioned two conglomerates controlled by Myanmar’s military following the generals’ Feb. 1 coup and deadly crackdown, according to a statement on the US Treasury Department’s website. The sanctions target...

Tribune News Service

Updated At : 12:58 PM Mar 26, 2021 IST

US blacklists two Myanmar military-controlled companies

The United States on Thursday sanctioned two conglomerates controlled by Myanmar’s military following the generals’ Feb. 1 coup and deadly crackdown, according to a statement on the US Treasury Department’s website.

The sanctions target Myanma Economic Holdings Public Company Ltd (MEHL) and Myanmar Economic Corporation Ltd (MEC), according to a notice posted on the website. The move by Washington freezes any assets held by the entities in the United States and is the latest in a series of sanctions following the military takeover that have targeted Myanmar’s central bank as well as top generals. Reuters