United States And Britain Sanctions Target Myanmar’s Military’s Economic Interests

The U.S. and UK have decided to impose fresh sanctions on Myanmar’s military-controlled companies, in a bid to cut off its economic resources.

Soon after the decision, the U.S. State department strongly condemned the junta’s use of violence against young children.

The United States and Britain imposed new sanctions on Myanmar, targeting the military’s economic interests and resources.

The U.S. Treasury Department on Thursday blacklisted Myanma Economic Holdings Public Company and Myanmar Economic Corporation, two conglomerates that contribute significantly to the military’s economic resources.

This means that any assets the companies control in the U.S. will be frozen and American companies and citizens will be prohibited from trading or making transactions with the entities as well.

In a coordinated move with the U.S.,… the British foreign ministry announced on Thursday, that it would also impose sanctions on Myanma Economic Holdings Public Company.

Watchers say these sanctions are by far the most significant actions against the junta, since the February first military coup,… but some are calling for more sanctions with a faster diplomatic response.

After the announcement, the U.S. State Department strongly condemned the authorities’ continued use of violence against its own people, including young children.