New US Sanctions Target Military Conglomerates in Myanmar

New US Sanctions Target Military Conglomerates in Myanmar
Secretary of State Antony Blinken delivers an address after a meeting of NATO foreign ministers at NATO headquarters in Brussels on Wednesday, March 24, 2021. Virginia Mayo, Pool/AP Photo
|Updated:

The United States on Thursday imposed what it calls its most significant sanctions to date over the military coup in Myanmar, restricting American dealings with two giant Myanmar military holding companies that dominate much of that country’s economy.

The sanctions are the latest that the Biden administration and European governments have laid on Myanmar since Feb. 1, when the country’s generals seized power on the day a newly elected parliament was due to be sworn in. Security forces since then have killed and detained street protesters amid demands for a return to civilian government.