Bush Freezes Burmese Assets
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
WASHINGTON — President Bush yesterday froze the assets of state-owned companies in Burma propping up the nation’s military junta, which has been condemned by the international community for suppressing pro-democracy dissidents.
“These companies, in industries such as gems and timber, exploit the labor of the downtrodden Burmese people, but enrich only the generals,” Mr. Bush said about Burma.
The new order allows the Bush administration to go after state-owned enterprises. The American government already has the power to go after individuals and companies.
In remarks at the White House, Mr. Bush said the military regime in Burma continues to reject the will of its people to live under leaders of their own choosing.
