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U.S. President Joe Biden, facing his first major international crisis after Myanmar's military seized power, could impose a new program of sanctions, cut aid or target generals and the companies ...
On October 31, 2023, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) imposed sanctions on Myanmar's state-owned Myanma Oil and Gas Enterprise (MOGE), responsible for oil and gas extraction, production, and distribution, and generating significant revenue for the military regime. The sanction also targeted the ...
A 2023 UN report alleges that these arms were likely to be used in the commission of international crime and that companies have avoided sanctions through shell companies. [59] The India–Myanmar border is 1,021 miles (1,643 km) in length and runs from the tripoint with China in the north to the tripoint with Bangladesh in the south. [60]
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Dozens of Myanmar civil society groups wrote to the departments of State and the Treasury on Monday calling for the U.S. to block the state-owned Myanma Economic Bank from using the dollar-based ...
The U.S. Treasury Department announced Wednesday it was imposing the sanctions on Myanmar’s Defense Ministry and two state-owned banks, the Myanma Foreign Trade Bank and the Myanma Investment ...
The US government banned all imports from Burma as part of the "Burmese Freedom and Democracy Act" of 2003. Sanctions have been criticised for their adverse effects on the civilian population. However, Burmese democracy movement leader Aung San Suu Kyi has repeatedly credited sanctions for putting pressure on the ruling military regime. [12] [13]
The sanctions are the latest the Western governments have imposed on Myanmar’s military regime, after the army seized power from the elected civilian government of Aung San Suu Kyi on Feb. 1, 2021.