Thursday, December 19

Myanmar Timber Exports Continue, Despite Western Sanctions: Report

Among the many targets is the state-owned Myanma Timber Enterprise (MTE), which has sole control over the sale of timber in Myanmar, including auctioning logs to non-public companies for export. 22 million to the EU member states. 154 million was imported by neighboring nations that have not imposed sanctions on Myanmar, including China, India, and Thailand. The report’s findings counsel that imposing financial sanctions is so much simpler than implementing them successfully. In January, the advocacy group Justice for Myanmar issued a report documenting how American firms continue to import teak from navy-ruled Myanmar in obvious violation of U.S. JFM discovered that U.S. Consequently of these drawbacks, Russia seems to have suffered only minimally economically, successfully overcoming the initial shock from sanctions. Russia’s GDP grew from 0.Three % in 2016 to 2.Three % in 2018, and the construction of Russia-EU trade hasn’t changed dramatically, with commerce in some sectors and markets even rising by way of the years. Of the sanctions-imposing states, Germany has benefited essentially the most from continuing trade with Russia.

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