US slaps sanctions on Myanmar's state-owned Gems Enterprise
Shortpedia
Content Team
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The US on Thursday imposed sanctions on a Myanmar state-owned gems enterprise, mounting pressure on the military junta by curtailing its ability to generate revenues and sending a "clear signal" to generals to shun violence and lift the nationwide state of emergency. Gemstones are a key economic resource for the Myanmar's military regime that is violently repressing pro-democracy protests in the country.
