Connect with us

Popular World News

U.S.’ Blinken calls for global companies to reconsider financial support to Myanmar’s military By Reuters

Wealth managers head to Singapore as China concerns dim Hong Kong

ECONOMIC NEWS

U.S.’ Blinken calls for global companies to reconsider financial support to Myanmar’s military By Reuters

© Reuters. “2020 Country Reports on Human Rights Practices” release at the State Department in Washington

By Simon Lewis WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken on Tuesday called on international companies to consider cutting ties to enterprises that support Myanmar’s military and he decried its crackdown on anti-coup protesters. At least 512 civilians had been killed in nearly two months of protests against the coup, 141 of them on Saturday, the bloodiest day of the unrest, according to the Assistance Association for Political Prisoners advocacy group. Blinken told reporters the violence was “reprehensible” and followed a pattern of “increasingly disturbing and even horrifying violence” against demonstrators opposing military rule, including the killing of children as young as five. The United States has condemned the Feb. 1 coup that ousted an elected government. Washington has imposed several rounds of sanctions, but Myanmar’s generals have refused to change course. Blinken said other nations and companies worldwide should look at pulling “significant investments in enterprises that support the Burmese military.” “They should be looking at those investments and reconsidering them as a means of denying the military the financial support it needs to sustain itself against the will of the people,” he said. The United States last week placed Treasury sanctions on two military-owned conglomerates, which prevents U.S. companies and individuals from dealing with them. But some companies, including firms from U.S. regional allies such as Japan and South Korea, still have business relationships with military-owned companies, according to activist groups. Activists have also called on international energy companies like U.S.-based Chevron (NYSE:) to withhold revenues from projects they operate in Myanmar from the junta-controlled government.
One of Myanmar’s main ethnic minority rebel groups warned of a growing threat of major conflict https://www.reuters.com/article/us-myanmar-politics/myanmar-insurgents-warn-of-growing-conflict-as-neighbours-press-junta-idUSKBN2BM07K on Tuesday and called for international intervention against the military crackdown.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Source link

Continue Reading
You may also like...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in ECONOMIC NEWS

To Top
error: Content is protected !!
Top