Myanmar: US Hits State-Owned Myanmar Gem Firm with Coup Sanctions

Apr 8, 2021 | Matthew Lee, Associated Press
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The Biden administration on Thursday hit Myanmar’s junta with new sanctions in response to February’s coup in the Southeast Asian nation. The State and Treasury departments announced they were imposing sanctions on the country’s main, state-owned gem company, Myanmar Gems Enterprise. The sanctions freeze any assets the firm holds in the U.S. or in U.S. jurisdictions and bar American citizens from doing business with it.