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November 19, 2024 at 9:43 AM. By Simon Lewis. WASHINGTON (Reuters) -Washington should impose sanctions on a Myanmar bank being used to circumvent existing U.S. restrictions, advocates said, urging ...
Myanmar has been plunged in turmoil since the military seized power from an elected government in a 2021 coup, which sparked financial sanctions imposed on the military, banks and other associated ...
The United States condemned the coup and imposed sanctions on Myanmar military leaders and their business associates. [66] [67] In July 2022, the new junta of Myanmar executed four political prisoners, [68] which was met with condemnation from the G7 nations, including the United States. [69]
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. [56] 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. [57]
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.
30 October – The European Union, the United Kingdom and Canada impose sanctions on six entities and three individuals, including Industry Minister Charlie Than, for their role in supplying aviation fuel and equipment to the Tatmadaw. [61]
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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 ...