Friday, May 2, 2008

US imposes new sanctions on Burma companies

FREEDOM TO DEMOCRACY IN BURMA

The US president, George W Bush has ordered a new round of sanctions on Burmese state companies.He has instructed the Treasury Department to freeze the assets of Burmese state-owned companies that fund and prop up the military junta.

The sanctions target companies and industries that produce timber, pearls and gems. The sanctions are the latest US effort to increase pressure on Burma after its crackdown against pro-democracy protesters last September.The Treasury Department has already slapped sanctions on Burma's private companies and military leaders.

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