US imposes new sanctions against top officials
The United States Treasury Department has imposed additional sanctions on top military officials for alleged human rights abuses. The move coincides with the three-day hearing against Myanmar at the International Court of Justice. The sanctions black
KBZ Bank hires American law firm after UN accusations
According to a CNBC report, Kanbawza Bank (KBZ) is seeking counsel from a US-based law firm after it was named in a recent UN report calling for broad sanctions against military-affiliated companies. KBZ hired the law firm Williams & Connolly for
Belgian telco first to cut ties with Mytel
A Belgian satellite communications provider has become the first company to cut ties with a Myanmar partner, reported VOA News. The activity occurred after following the UN’s call for a boycott of military-affiliated businesses. The firm, Newte
UN recommends sanctions against military-backed businesses
The United Nations has called for international sanctions against businesses linked to Myanmar’s military, which holds a stake in a wide variety of industries, including oil, jade, minerals, construction, aviation and beer. The statement by the
Economic boycott of Tatmadaw called upon by UN
A United Nations panel has urged the international community to boycott financial support to the Tatmadaw for alleged human rights abuses in Myanmar. According to reports, the UN Fact-Finding Mission on Myanmar said that senior figures in the Myanmar
