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Myanmar Crisis

Myanmar military companies become prime target for US sanctions

First round of measures to take aim at business interests of coup leaders

Myanmar soldiers on parade: A military spokesman said little in response to the Biden administration's Feb. 10 executive order authorizing penalties on coup leaders.   © Reuters

YANGON/SINGAPORE/TOKYO -- As the U.S. chooses targets for sanctions in response to last week's coup in Myanmar, military-linked conglomerates with interests in industries from finance to farming are likely to be in the Biden administration's crosshairs.

President Joe Biden's new executive order authorizes sanctions against "the military and its leaders, their business interests, and their close family members," according to a letter to Congress published by the White House on Thursday. Biden said the previous day that the targets of the first round of measures would be selected within the week, adding that Washington is "ready to impose additional measures."

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