Military coup, US sanctions stymie Myanmar business ops
PORTS & SHIPPING

Military coup, US sanctions stymie Myanmar business ops

Major trade and business operations in Myanmar are in a bind following the military coup against the government of Myanmar and the sanctions imposed by the US on Burmese military officials.

Sanctions have been imposed by the US Department of Treasury on 10 current and former military officials responsible for the coup or associated with the Burmese military regime.

The sanctions have put Adani Group's $290 million Yangon container terminal construction in a bind. The new container terminal along Myanmar's Yangon river is a 50-year deal, the country's second overseas venture after the Abbot Point terminal in Queensland, Australia.


Make in Steel 2021

24 February 

Click for event info


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


The terminal is being built under the Myanmar Port Authority's auspices and the Myanmar Ministry of Transport and Communication.

The project is helmed by Adani Yangon International Terminal Co Ltd (Adani), a unit of Adani Ports and Special Economic Zone Ltd (APSEZ).

The expansion of Myanmar's river ports is part of that country's strategy to rapidly boost exports over the next five years and position itself as a regional trade hub.

Image


Also read: Efforts underway to operationalise infra links with CMLV countries

Major trade and business operations in Myanmar are in a bind following the military coup against the government of Myanmar and the sanctions imposed by the US on Burmese military officials. Sanctions have been imposed by the US Department of Treasury on 10 current and former military officials responsible for the coup or associated with the Burmese military regime. The sanctions have put Adani Group's $290 million Yangon container terminal construction in a bind. The new container terminal along Myanmar's Yangon river is a 50-year deal, the country's second overseas venture after the Abbot Point terminal in Queensland, Australia.Make in Steel 202124 February Click for event info4th Indian Cement Review Conference 202117-18 March Click for event infoThe terminal is being built under the Myanmar Port Authority's auspices and the Myanmar Ministry of Transport and Communication. The project is helmed by Adani Yangon International Terminal Co Ltd (Adani), a unit of Adani Ports and Special Economic Zone Ltd (APSEZ). The expansion of Myanmar's river ports is part of that country's strategy to rapidly boost exports over the next five years and position itself as a regional trade hub. Image Also read: Efforts underway to operationalise infra links with CMLV countries

Next Story
Infrastructure Urban

Indian Delegation Visits South Africa for Trade and Investment Talks

A nine-member Indian delegation participated in the second session of the India-South Africa Joint Working Group on Trade and Investment (JWGTI) held in Pretoria from 22 to 23 April 2025. Discussions were conducted in a cordial atmosphere, focusing on expanding trade ties, boosting investments, and fostering greater people-to-people exchanges. The meeting was co-chaired by Malose Letsoalo, Chief Director, Bilateral Trade Relations, Department of Trade, Industry and Competition of South Africa, and Priya Nair, Economic Adviser, Department of Commerce, India. Delegates from the High Commission ..

Next Story
Infrastructure Urban

Ministry of Cooperation Inaugurates NCOL Organic Packaging Facility

The Ministry of Cooperation inaugurated a new state-of-the-art packaging facility of National Cooperative Organics Limited (NCOL) in Noida, Uttar Pradesh. The centre is dedicated to packaging pulses and organic products while maintaining high hygiene and quality standards. Dr Ashish Kumar Bhutani, Secretary, Ministry of Cooperation, called the facility a major milestone in promoting the Bharat Organics brand. The initiative aims to empower farmers and expand access to certified organic produce across India, while offering premium prices to farmers and affordable organic food to consumers. Un..

Next Story
Infrastructure Urban

Adani Airport Seeks $750 Million Loan from Global Banks

Adani Group is in discussions for an offshore loan of up to $750 million for its airport arm, Adani Airport Holdings Limited, with international banks such as Barclays Plc, First Abu Dhabi Bank PJSC, and Standard Chartered Bank Plc. The funds will support capital expenditure and repay dollar-denominated debt maturing in September. The deal is expected to conclude by early May. Adani Airport Holdings Limited operates seven major airports across India and is preparing to open a new international hub worth $two billion on the outskirts of Mumbai. This would be the Group’s second significant o..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?