US, UK SANCTION MYANMAR MILITARY-OWNED COMPANY

  • 25/03/2021

The United Kingdom and the United States on Thursday sanctioned Myanmar Economic Holdings Ltd (MEHL), a military-owned conglomerate as a measure to target the junta that ousted the civilian government.

Britain alleged that MEHL was sanctioned as it backed Myanmar's military in its efforts "on ethnic cleansing against the Rohingya in 2017".Shortly After the announcement by the UK, the US said it was sanctioning MEHL and also the Myanmar Economic Corporation Limited (MEC).Myanmar's military "controls significant segments of the country's economy through these holding firms," a statement from the US treasury department said.

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