UK announces new sanctions against Myanmar businessman

Foreign Secretary Dominic Raab alleges that conglomerate Htoo Group and its founder Tay Za are linked to arms deals on behalf of coup leaders.

The United Kingdom has announced new Myanmar sanctions, saying it was targeting a key business associate of the military government for providing arms and financial support following a coup earlier this year. The UK’s foreign ministry said it would impose an asset freeze on conglomerate Htoo Group of Companies and its founder Tay Za, adding that the tycoon was involved in arms deals on behalf of the military. It also said Htoo contributed funds to Rohingya clearance operations in 2017.