The Myanmar military "controls significant segments of the country's economy through these holding firms." Britain and the United States on Thursday announced sanctions against military-owned conglomerate Myanmar Economic Holdings Ltd (MEHL) as part of "further measures" targeting the regime after a coup. "Today's sanctions target the military's financial interests to help drain the sources of finance for their campaigns of repression against civilians," British Foreign Secretary Dominic Raab said in a statement. Washington announced shortly afterwards it was imposing sanctions on MEHL and also the Myanmar Economic Corporation Limited (MEC). The Myanmar military "controls significant segm
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