• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Democrats To Force Vote To Kill Trump’s Slush Fund And Immunity Scheme

June 3, 2026

Trump Signs Executive Order Asking for Oversight of New AI Models

June 3, 2026

Packers’ Josh Jacobs Back at Practice After Domestic Abuse Arrest: ‘Business as Usual’

June 3, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Wednesday, June 3
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Democrats To Force Vote To Kill Trump’s Slush Fund And Immunity Scheme

    June 3, 2026

    Democrats seek more control over referenda in New York

    June 2, 2026

    Todd Blanche Says Trump Administration Is Ditching Weaponization Fund

    June 2, 2026

    Trump To Attend Second White House Press Corps Dinner After Assassination Attempt

    June 2, 2026

    Trump Doubles Down On Endorsing ‘Jerk’ Senator Despite Vowing To Never Back Him

    June 2, 2026
  • Health

    The Current Ebola Outbreak Is A Global Threat. A Doctor Explains

    June 3, 2026

    Targeted Drug Shrinks Tumors In Hard-To-Treat Cancer

    June 2, 2026

    She Wasn’t Due For Her Colonoscopy. A Blood Test Found Cancer Anyway

    June 2, 2026

    Trump’s Most Favored Nation Drug Pricing Has Bold Aims, But Limited Impact

    June 2, 2026

    Ebola vaccine, Medicaid work requirements: Morning Rounds

    June 2, 2026
  • World

    Ex-Scottish Leader Denies Blame After Husband Pleads Guilty

    June 3, 2026

    From Festering Infections To Untreated Cancer, ICE Detainees Across The U.S. Describe Medical Neglect

    June 3, 2026

    Ukraine Hits Russian Energy Targets, But Denies Striking Nuclear Plant

    June 2, 2026

    Singer Dua Lipa Ties Knot With Actor Callum Turner

    June 2, 2026

    Farage Vows £300m Increase for Police Taskforce Against Grooming Gangs

    June 2, 2026
  • Business

    Patagonia Begs Drag Queen Influencer To Stop Allegedly Using Their Logo

    June 3, 2026

    First Quarter GDP Revised Downward As Voters Fret Over Economy

    May 28, 2026

    Cash Drain On Americans’ Savings Accounts Nears Great Recession Levels

    May 28, 2026

    US Voters’ Confidence In Economy Nosedives To Nearly 4-Year Low

    May 22, 2026

    Elon Musk On Track To Be World’s First Trillionaire After Latest Move

    May 21, 2026
  • Finance

    Bass and Pratt will advance in L.A. mayoral race, traders say

    June 2, 2026

    Best Wells Fargo credit cards for June 2026

    June 2, 2026

    Markets in ‘greed’ mode as AI firms ready IPOs

    June 2, 2026

    Why India Cannot Let the Rupee Float

    June 2, 2026

    Voyager Technologies to acquire Astrobotic Technology in up to $300M deal, expanding lunar ambitions

    June 2, 2026
  • Tech

    Trump Signs Executive Order Asking for Oversight of New AI Models

    June 3, 2026

    Meta’s Support Chatbot Helped Hijack High-Profile Instagram Accounts Including Obama White House

    June 2, 2026

    Luddites Weep as Scorsese and Spielberg Embrace AI

    June 2, 2026

    Anthropic Files Papers for Potential $1 Trillion AI IPO

    June 2, 2026

    Exclusive — PragerU Strikes Back After Big Tech and SPLC Attempt to Destroy Them

    June 2, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Western Governments Announce New Myanmar Sanctions Ahead of Coup Anniversary
Finance

Western Governments Announce New Myanmar Sanctions Ahead of Coup Anniversary

February 15, 2023No Comments5 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Western Governments Announce New Myanmar Sanctions Ahead of Coup Anniversary
Share
Facebook Twitter LinkedIn Pinterest Email
Advertisement

Four Western governments have announced the imposition of a series of coordinated sanctions against Myanmar’s military government, ahead of the second anniversary of its seizure of power. The moves by the United States, United Kingdom, Canada, and Australia incrementally tightened the economic noose around the military, which has committed severe atrocities since taking power on February 1, 2021.

In a statement yesterday evening, the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC)announced that it had added three entities and six individuals to its sanctions list. These include the Union Election Commission (UEC) and two military-linked mining enterprises and their executives, and current and former members of the military.

“The U.S. Department of the Treasury, along with partner nations like the United Kingdom, Canada, and Australia continue to stand with the people of Burma as they seek freedom and democracy,” Brian Nelson, the department’s undersecretary for terrorism and financial intelligence, said in the statement.

“The United States will continue to promote accountability for those who provide financial and material support to, and directly enable, the violent suppression of democracy in Burma.”

A couple of aspects of the announcement were noteworthy. First, the designation of the UEC is a clear signal of U.S. disapproval of the military junta’s plans and efforts to host elections, which coup leader Senior Gen. Min Aung Hlaing has described as a step toward the creation of a “genuine, discipline-flourishing multiparty democratic system.” In reality, the elections are designed to launder the military takeover into a less direct, and for some nations more palatable form of control.

See also  Bank raises NII goal to $84 billion

Myanmar’s military administration has begun a pre-election census, and has enacted a new law on the registration of political parties that will make it difficult for opposition groups to mount a serious challenge to army-backed candidates.

The second notable development was OFAC’s decision to add to its blacklist the director and managing director of the Myanma Oil and Gas Enterprise (MOGE), a state enterprise which, according to a United Nations human rights expert, “represents the single largest source of revenue” to the Myanmar state.

In an analysis of the Treasury’s move, the US-ASEAN Business Council described the listing of the MOGE leadership as “an interesting and noteworthy development.” For years, activists have called for Western governments to impose sanctions on MOGE, demands that have grown more urgent and insistent since the 2021 coup. While the European Union imposed limited sanctions on the enterprise, things are trickier for the United States, given the fact that sanctions would likely entangle companies in Thailand, a U.S. treaty ally, which is reliant on gas exports from Myanmar for electricity generation. As it stands, the designation of its senior managers is a way of splitting the difference somewhat, even though, as the US-ASEAN Business Council notes, the designation “only applies to the private individual interests of these persons,” rather than to MOGE as a whole.

Advertisement

The U.S. designation was accompanied by similar announcements by Canada and the U.K. that sanctioned additional individuals and sought to restrict the Myanmar military’s access to aviation fuel. In a statement, Canada’s government stated that it was listing six individuals on its sanctions list, bringing its total to 95 individuals, and introduced a new prohibition on the “export, sale, supply or shipment of aviation fuel to the Myanmar military regime.”

See also  Best Deals From the Dermstore Anniversary Event 2023Well+Good

The U.K. also took steps to restrict the military junta’s supply of aviation fuel, which it has used in a “relentless bombing campaign against innocent people,” as human rights groups have documented in detail. London sanctioned two companies and two individuals, all associated with what is known as the Asia Sun Group, an important supplier of fuel to the Myanmar Air Force.

“Our sanctions are meticulously targeted to deliver maximum impact, reducing the military’s access to finance, fuel, arms, and equipment,” Foreign Secretary James Cleverly said in a statement. “The junta must be held to account for their brutal crackdown on opposition voices, terrorizing air raids, and brazen human rights violations.”

Perhaps most surprisingly, these three nations were also joined by Australia, which today belatedly imposed “first gen” sanctions on 16 members of the military regime, including coup leader Min Aung Hlaing and his deputy Soe Win – moves that were taken by other governments more than 18 months ago. It also imposed targeted financial sanctions on two state enterprises – the Myanmar Economic Public Holdings Ltd and Myanmar Economic Corporation – that are central to the military’s web of economic interests.

Until now, Australia has been cautious about targeting the military junta with sanctions, seemingly out of a desire to secure the release of detained Australian economist Sean Turnell, who was working as an economic advisor to Aung San Suu Kyi and was arrested in the days following the coup. But following Turnell’s release in November, it appears that the way is clear for a move toward a more robust Myanmar policy. In a statement announcing the sanctions, Foreign Minister Penny Wong said that Australia “will continue to closely monitor the regime’s actions” and “will continue to keep our targeted sanctions toward Myanmar under review.”

See also  Stocks sink as Fed meeting gets underway: Stock market news today

The symbolism of these conjoined sanctions announcements is important, but as with past waves of targeted measures, their impact is likely to be incremental rather than decisive. While the coordinated announcement of the new measures demonstrated the unity of several “like-minded” advanced Western democracies, it also laid bare the fact that none of Myanmar’s neighbors nor the more progressive Asian governments like Japan and South Korea have adopted such a punitive policy. Meanwhile, the military junta continues to receive succor, both active and indirect, from China and Russia.

That said, the sanctions have value as an expression of civilized standards and norms, Meanwhile, Myanmar’s resistance, despite being deeply frustrated at the cautious international action toward their country’s crisis, will welcome anything that moves the military, however gradually, toward collapse.

ahead Anniversary Announce Coup Governments Myanmar Sanctions western
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bass and Pratt will advance in L.A. mayoral race, traders say

June 2, 2026

Best Wells Fargo credit cards for June 2026

June 2, 2026

Markets in ‘greed’ mode as AI firms ready IPOs

June 2, 2026

Why India Cannot Let the Rupee Float

June 2, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

China’s Premier Li Qiang seeks to rally Asia behind Beijing

April 2, 2023

Disney+ Fail — $50M Woke ‘Crater’ Removed After 7 Weeks

July 5, 2023

Colorado Cops Bust Alleged Fentanyl Ring with Ties to Mexican Cartel

July 12, 2023

76ers Part Owner Offers Reward to Catch Vandal Who Drew Swastika on Holocaust Memorial

January 18, 2024
Don't Miss

Democrats To Force Vote To Kill Trump’s Slush Fund And Immunity Scheme

Politics June 3, 2026

The Trump administration seems to operate on two principles. The administration seems to believe that…

Trump Signs Executive Order Asking for Oversight of New AI Models

June 3, 2026

Packers’ Josh Jacobs Back at Practice After Domestic Abuse Arrest: ‘Business as Usual’

June 3, 2026

Ex-Scottish Leader Denies Blame After Husband Pleads Guilty

June 3, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,372)
  • Entertainment (4,858)
  • Finance (3,627)
  • Health (2,185)
  • Lifestyle (1,890)
  • Politics (3,424)
  • Sports (4,371)
  • Tech (2,201)
  • Uncategorized (4)
  • World (4,696)
Our Picks

2023 Emmys Comedy Series Predictions

July 10, 2023

Full schedule, squads, match timings, and live-streaming details

July 10, 2023

GOP Senator Hawley knows the perfect way to grab AG Garland’s attention for not enforcing federal law against SCOTUS protesters

May 10, 2023
Popular Posts

Democrats To Force Vote To Kill Trump’s Slush Fund And Immunity Scheme

June 3, 2026

Trump Signs Executive Order Asking for Oversight of New AI Models

June 3, 2026

Packers’ Josh Jacobs Back at Practice After Domestic Abuse Arrest: ‘Business as Usual’

June 3, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.