US sanctions Myanmar’s defence ministry, banks FMTNews FMTWorld
WASHINGTON: The US has levelled sanctions against Myanmar’s ministry of defence and two banks used by the Southeast Asian country’s military junta to purchase arms and other goods in foreign currencies, according to the treasury website today.
Myanmar is mired in violence and instability stemming from a military coup and lethal suppression of pro-democracy protests, during which hundreds of people have been killed and many thousands arrested, with widespread allegations of arbitrary detention, forced disappearances and torture. A February report by campaign group EarthRights International said the two banks were “Myanmar government’s foreign currency treasuries” and were now under junta control.
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