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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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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 ...
Azza Air Transport, former Cargo airline, in the SDN List. The Specially Designated Nationals and Blocked Persons List, also known as the SDN List, is a United States government sanctions/embargo measure targeting U.S.-designated terrorists, officials and beneficiaries of certain authoritarian regimes, and international criminals (e.g. drug traffickers).
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 ...
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 ...
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The sanctions by the Treasury Department marked the toughest U.S. action so far in response to Myanmar's crackdown on the Rohingya minority, which started last year and has driven more than ...