Article
US Treasury Targets Myanmar Companies In Crackdown On Junta
The Treasury Department on Tuesday targeted two conglomerates in a crackdown against Myanmar... The action by Treasury Tuesday targets the Union of Myanmar Economic Holdings Ltd. and the Myanmar Economic Corp... Four of UMEH's subsidiary companies - Myanmar Ruby Enterprise, Myanmar Imperial Jade Company Ltd., Myawaddy Trading Ltd., and Myawaddy Bank Ltd. - have been added to [the Treasury Department's] Specially Designated Nationals and Blocked Persons list as a result of the action Tuesday. The action also targets the "No. 1 Mining Enterprise," "No. 2 Mining Enterprise," and "No. 3 Mining Enterprise" - all owned by the Myanmar Ministry of Mines. The Cooperative Import Export Enterprise, a trading company under the Myanmar Ministry of Cooperatives, was sanctioned, too...