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US imposes sanctions on lucrative Myanmar state oil firm

US is coordinating with Canada and UK to align sanctions

A jetty for oil tankers is seen on Madae island, Kyaukpyu township, Rakhine state, Myanmar, on Oct 7, 2015. (Photo: Reuters)

YANGON – The United States announced sanctions against the Myanmar junta’s most lucrative state-owned enterprise, one of Washington’s most significant moves yet to curtail the military regime’s access to easy cashflow to buy weapons.

The…

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