The US and UK’s actions Thursday are the most significant yet against the sprawling business interests of Myanmar’s military, which include telecommunications, mining and real estate. The United States and the United Kingdom on Thursday imposed sanctions on conglomerates controlled by Myanmar’s military, following the generals’ February 1 coup and deadly crackdown, with Washington calling the move a response to …
Calls are growing for sanctions on the military’s vast business empire after the February 1 coup. But experts say the international community must go further than the individual generals and go after the armed forces’ extensive commercial activities.“By getting into business, the military has been able to gain a monopolistic control over key sectors of the economy,” Justice for Myanmar, …
