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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 ...
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.
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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]
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 ...
WASHINGTON (Reuters) -The United States on Wednesday slapped further sanctions on Myanmar, marking the three-year anniversary of the coup as Washington targeted two entities and several people it ...
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International efforts to isolate Myanmar's ruling junta appear to have dented its ability to purchase new military equipment from overseas, but the military is still able to access money and ...