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US to sanction two of Myanmar’s state-owned banks

US to sanction two of Myanmar’s state-owned banks

13 Sept 23:45 Key points summarised by AI
  • The US government will impose sanctions on Myanmar's state-owned Myanmar Foreign Trade Bank and Myanmar Investment and Commercial Bank, effective June 20th.
  • These sanctions aim to curb the junta's financial resources, hindering its capacity to oppress its population and wage war, aligning with Western efforts to cut the regime's income from natural resources.
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