Yangon (HRNW) The United States is planning to impose sanctions on two conglomerates controlled by Myanmar’s military over the generals Feb. 1 coup and a deadly crackdown, two sources familiar with the matter said on Wednesday.
The move by the U.S. Treasury to blacklist Myanmar Economic Corporation (MEC) and Myanma Economic Holdings Ltd (MEHL) and freeze any assets they hold in the United States could come as early as Thursday, sources said.
Responding to a request for comment, MEHL general manager Hla Myo said in an email to Reuters: “The company is basically focusing on business and has no immediate response for now.”
Be the first to comment on "U.S. to blacklist Myanmar military companies after deadly crackdown"