The London-based Environmental Investigation Agency (EIA) today names 12 major American timber firms importing teak from Myanmar since the start of the 2021 military coup
The Ferretti Group, an Italian superyacht builder which boasts of using “the best quality standard of Burmese teak for teak decking”, is seeking new investment to bolster its business by going public, despite being accused of breaching EU law on the importation of what’s called ‘the king of woods’
Despite EU sanctions, cash-hungry Myanmar military offers to accept Euros in upcoming teak auction.
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.
Council of the European Union today announced a new wave of sanctions against the brutal military regime in Myanmar, the London-based Environmental Investigation Agency (EIA) welcomed the move for recognising the importance of the county’s natural resources sector, especially timber exports, in generating hard currency for the regime