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Adani Ports says could abandon Myanmar project if found to violate US sanctions

"In a scenario wherein Myanmar is classified as a sanctioned country under the Office of Foreign Assets Control (OFAC), or if OFAC opines that the project violates the current sanctions, APSEZ plans to abandon the project and write down the investments," the company said in a filing to exchanges on Tuesday. ...

Adani Ports says could abandon Myanmar project if found to violate US sanctions “In a scenario wherein Myanmar is classified as a sanctioned country under the Office of Foreign Assets Control (OFAC), or if OFAC opines that the project violates the current sanctions, APSEZ plans to abandon the project and write down the investments,” the company said in a filing to exchanges on Tuesday.

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