More Junta Cronies Hit By US Sanctions
| By WAI MOE | Tuesday, February 26, 2008 |
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Other cronies including Htay Myint (chairman of Yuzana Company) and Khin Shwe (president of Zay Gabar Company) are also on the black list.
A Burmese political scientist at a university in Southeast Asia who asked to remain anonymous said targeted sanctions should have been done much earlier.
However, he said businessmen like Steven Law do business through foreign partners and countries like China.
“They can still circumvent the sanctions,” he said. “The US government should also look into their foreign business partners. Also, they can still do business via China.”
“The Chinese RMB [yuan] is very strong. I heard that they [Burmese generals and their cronies] now try to do business transactions via Chinese banks,” he said.
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