World
Treasury website: US imposes sanctions on Myanmar’s defence ministry, two banks
Wednesday, 21 Jun 2023 10:48 PM MYT
WASHINGTON, June 21 — The United States today levelled sanctions against Myanmar’s Ministry of Defence and two banks used by the Southeast Asian country’s military to purchase arms and other goods in foreign currencies, according to the Treasury Department’s website.
The sanctions hit the Myanmar Foreign Trade Bank (MFTB) and Myanmar Investment and Commercial Bank (MICB), which receive and transmit foreign currencies for Myanmar’s government, including state-owned enterprises that raise much of the junta’s revenues. — Reuters
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