Despite EU sanctions, cash-hungry Myanmar military offers to accept Euros in upcoming teak auction
Despite EU sanctions, cash-hungry Myanmar military offers to accept Euros in upcoming teak auction.
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Despite EU sanctions, cash-hungry Myanmar military offers to accept Euros in upcoming teak auction.
The next time you see a superyacht know this – it is more than likely decked out with Myanmar teak. EIA and the people in Myanmar call it ‘blood timber’ and for good reason
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
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, the London-based Environmental Investigation Agency (EIA) can reveal
Myanmar’s violent military junta is tomorrow (16 September) poised to hold one of two massive auctions of illicit timber to replenish its coffers; the second is due to take place on 30 September.
Italy has been exposed at the heart of an ongoing trade in illicit timber from Myanmar, in defiance of both EU trade regulations and sanctions imposed in response to the violent military coup earlier this year