All posts tagged: United States sanctions

US Marks Anniversary of Myanmar Coup With New Sanctions

US Marks Anniversary of Myanmar Coup With New Sanctions

[ad_1] U.S. state department —  The United States is imposing further sanctions on Myanmar’s military regime three years after the February 1, 2021, military coup, and designating four individuals and two entities associated with it. The U.S. State Department said the latest action targets sources of revenue that support the regime’s military activities against civilians and those who provide material and support for arms production in Myanmar, also known as Burma. On Wednesday, the U.S. Treasury Department announced sanctions against the Shwe Byain Phyu Group of Companies, its owner Thein Win Zaw, and his wife and two adult children. Sanctions were also announced against Myanma Five Star Line, a shipping company. The two entities are said to maintain a relationship with Myanma Economic Holdings Public Co. Ltd., or MEHL, which is controlled by the now-ruling Burmese military or Tatmadaw. The Tatmadaw has long relied on business activities to finance its own operations. The Treasury said these two entities have facilitated the military regime’s acquisition of foreign currency and the importation of petroleum and other materials …