Jade and rubies: How Myanmar’s military amassed its fortune ...Middle East

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Jade and rubies: How Myanmar’s military amassed its fortune
source : Daily Sun ( Middle East ) () 16
BANGKOK, Feb 12: Mines, banks, petroleum, agriculture, tourism: Myanmar’s ruling junta has vested interests in large swathes of the country’s economy, providing it a colossal– and closely guarded – fortune that the United States has targetted with sanctions.After last week’s coup to oust civilian leader Aung San Suu Kyi – and the subsequent protest crackdown – calls have grown for international penalties.On Thursday, the United States slapped sanctions on the country’s top brass.President Joe Biden said his administration was cutting off military leaders’ access to $1 billion in funds in the US, while the Treasury Department blocked any US assets and transactions with 10 current or former mi

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