An Italian superyacht firm is seeking new investment by going public – despite being accused by EIA of breaching EU law over the importation of teak from Myanmar
Despite trade sanctions imposed in June to ban imports of Myanmar teak into Europe, more than 300 tonnes of the ‘king of woods’ worth well over €2 million has since entered into Italy
Royal Boogaerdt Timber broke the due diligence requirements of the EU Timber Regulation (EUTR) when it imported Myanmar teak, the Council of State in the Netherlands has confirmed.
The brutal military junta which seized control of Myanmar on 1 February is seeking an injection of hard currency by selling off thousands of tonnes of illegal timber to international markets
A key figure in the Myanmar military coup and the country’s natural resources sector has been slapped with sanctions by the US Government
A German company has been convicted and fined for evading sanctions on Myanmar timber