Nov 8, 2015
INSIGHT-Sanctions fears choke nascent U.S. commerce with Myanmar
INSIGHT-Sanctions fears choke nascent U.S. commerce with Myanmar
WASHINGTON/NEW YORK/YANGONWestern banks are slicing commerce finance in Myanmar after studying that a part of the nation’s primary port is managed by a person blacklisted by Washington, threatening to cease nascent U.S. financial ties with the Southeast Asian nation of their tracks.
U.S. shipments to Myanmar have slowed to a crawl in current months, after a number of banks together with…
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