Myanmar: US Targets State-Owned Myanmar Timber, Pearl Businesses with New Sanctions

Apr 21, 2021 | Tal Axelrod, Hill
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The U.S. blacklisted two state-owned Myanmar companies Wednesday over the military junta’s coup in February. The State Department announced that it would sanction Myanma Timber Enterprise and Myanmar Pearl Enterprise, two companies that oversee timber and pearl exports from the country. The Biden administration says these two companies enrich the government.