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UK and US sanction military-owned Myanmar conglomerate

UK and US sanction military-owned Myanmar conglomerate

14 Sept 09:49 Key points summarised by AI
  • Britain and the United States announced sanctions against military-owned conglomerates, Myanmar Economic Holdings Ltd (MEHL) and Myanmar Economic Corporation Limited (MEC).
  • The sanctions aim to cut off financial resources for the military regime's repression against civilians and its involvement in the 2017 ethnic cleansing of the Rohingya.
  • These targeted companies control significant segments of Myanmar's economy, including key sectors like trading, natural resources, and consumer goods.
  • This move follows previous sanctions against nine members of Myanmar’s ruling military junta for human rights violations committed during the recent coup.
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