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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 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 ...
The US government imposed broad sanctions on Myanmar including the 2003 Burma Freedom and Democracy Act, which banned all imports and export of financial services with Myanmar, froze certain Burmese financial institutions' access and increased visa restrictions for Burmese officials. [54]
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 ...
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]