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Monks On The Move


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Article about sanctions...

 

"This time, however, the US has imposed what it is referring to as "smart sanctions" that target specific individuals and companies. The punitive tactic is similar to the one the US applied in September 2005 against Banco Delta Asia in Macau, which the Treasury Department referred to in a statement at the time as "a willing pawn for the North Korean government to engage in corrupt financial activities".

 

The move froze US$24 million in assets belonging to companies controlled by the North Korean government and as a result the entire bank almost collapsed. In the end, the money was released and moved to a bank in Russia. But it forced the North Korean government back to the negotiating table to resume the then stalled six-nation talks on Pyongyang's controversial nuclear program.

 

The recent action against the Myanmar government and corporate entities still may not force the junta to embark on a serious dialogue with the country's hobbled pro-democracy movement. Unlike previous US sanctions, however, this time they will certainly hurt the ruling generals and their business cronies more than ordinary Myanmar workers and citizens. "

 

http://www.atimes.com/atimes/Southeast_Asia/IK02Ae01.html

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