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Bush Orders Burma State Companies' Assets Frozen

Reuters
May 01, 2008

President Bush ordered the U.S. Treasury to freeze the assets of Burma's state-owned companies. (Saul Loeb/AFP/Getty Images)


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WASHINGTON—President Bush said Thursday he has ordered the U.S. Treasury to freeze the assets of Burma's state-owned companies to further pressure the leadership there over human rights abuses. (Burma is called "Myanmar" by the ruling junta.)

"Today I've issued a new executive order that instructs the Treasury Department to freeze the assets of Burmese state-owned companies that are major sources of funds that prop up the junta," Bush said at a celebration of Asian Pacific American Heritage Month.


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