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Bush unveils new Burma sanctions | Bush unveils new Burma sanctions |
(30 minutes later) | |
US President George W Bush has announced fresh sanctions against the military regime in Burma. | US President George W Bush has announced fresh sanctions against the military regime in Burma. |
He said he had ordered the US Treasury to freeze the assets of state-owned firms in Burma "that are major sources of funds that prop up the junta". | He said he had ordered the US Treasury to freeze the assets of state-owned firms in Burma "that are major sources of funds that prop up the junta". |
Last October, Mr Bush asked the treasury to freeze the financial assets of members of the military regime. | Last October, Mr Bush asked the treasury to freeze the financial assets of members of the military regime. |
The move followed a violent suppression of anti-government protests in Burma (Myanmar) led by Buddhist monks. | |
In Washington, Mr Bush said his executive order targeted "companies in industries such as gems and timber that exploit the labour of the downtrodden Burmese people but enrich only the generals". | |
"I'm sending yet another clear message that we expect there to be change, that we expect these generals to honour the will of the people," he said. | |
The US has already imposed substantial trade, investment and diplomatic sanctions on the regime, freezing assets and imposing visa bans on senior generals and their families. |