US imposes Myanmar sanctions on 2 state-owned businesses

(Photo: Pexels)
(Photo: Pexels)
WASHINGTON — The United States on Wednesday imposed fresh Myanmar-related sanctions, targeting two state-owned enterprises in the latest in a series of punitive actions following the country’s military coup as Washington said it would take further action.اضافة اعلان

The US Treasury Department in a statement said it blacklisted Myanma Timber Enterprise (MTE) and Myanmar Pearl Enterprise, adding that the pearl and timber industries are economic resources for the Myanmar military.

The Southeast Asian country has been in crisis since the February coup when the military seized power from Aung San Suu Kyi’s elected government, with almost daily protests and a crackdown by the junta in which hundreds of people have been killed.

US Secretary of State Antony Blinken said Washington would continue to target funding channels to the junta.

“We will continue to support the people of Burma in their efforts to reject this coup, and we call on the military regime to cease violence, release all those unjustly detained, and restore Burma’s path to democracy,” Blinken said in a separate statement.

Read more Business