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

He works two hours a month to make six figures a year — why he says ditching the 9-to-5 is ‘the ultimate power’

July 13, 2026

Tributes Pour in for New Zealand Actor Sam Neill, a Look at His Life and Career

July 13, 2026

Iran Ceasefire is Over, But Talks to Continue

July 13, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Monday, July 13
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Texas Hispanics swung hard to Trump. A new poll shows they’re furious at his deportations.

    July 12, 2026

    The high-stakes, battleground Senate race that no one is talking about

    July 12, 2026

    Lindsey Graham’s Passing Is Another Stage In The Death Of Trumpism

    July 12, 2026

    How ICE melted from view at the World Cup

    July 12, 2026

    The secret to becoming a sporting superpower

    July 12, 2026
  • Health

    Lindsey Graham Cause Of Death, Aortic Dissection. An ER Doc Explains

    July 13, 2026

    Supporting Science Is An Act Of Patriotism

    July 13, 2026

    AAIC 2026: Researchers focus on tau, target blood-brain barrier

    July 12, 2026

    Lindsey Graham’s Sudden Death Sparks Questions About Cardiac Arrest

    July 12, 2026

    July 13 Is Deadline To Comment On New Trump OMB Rule That Shifts Power

    July 12, 2026
  • World

    Iran Ceasefire is Over, But Talks to Continue

    July 13, 2026

    Texas Man Gets 40 Years for Leading Violent Online Child Exploitation Ring

    July 13, 2026

    Colombia’s Incoming Conservative Admin to Close Its Embassy in Cuba

    July 13, 2026

    Iran Reports New Attacks On Military Targets On Its Largest Island Near The Strait Of Hormuz

    July 13, 2026

    Factory Fire in ‘Shoe Capital’ City Kills at Least 28

    July 13, 2026
  • Business

    ATF Rule Could Cause Classic Showdown Between Mom And Pop Shops Versus Online Retailers

    July 10, 2026

    Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers)

    July 9, 2026

    The Agency Elizabeth Warren Built Now Advances Trump’s Agenda

    July 9, 2026

    Meta To Shell Out Billions For New AI Data Center Outside US

    July 9, 2026

    How Big Banks Are Scheming To Jack Up Your Fees

    July 8, 2026
  • Finance

    He works two hours a month to make six figures a year — why he says ditching the 9-to-5 is ‘the ultimate power’

    July 13, 2026

    Mark Cuban has strong words on AI companies and job losses

    July 13, 2026

    Spectrum makes significant decision as customer losses mount

    July 13, 2026

    Costco and Walmart capture grocery-store crowns

    July 13, 2026

    Leading energy company files for bankruptcy

    July 13, 2026
  • Tech

    LAPD Cuts Ties with License-Plate Camera Vendor over ‘Who Owns the Data’

    July 12, 2026

    Apple Lawsuit Accuses OpenAI of Stealing Trade Secrets in Massive Scheme

    July 11, 2026

    Bloomberg Claims Startup Co-Founded by Bill Gates’ Daughter Cheats on Sales Credit

    July 11, 2026

    Nobel Prize-Winning Chemist Leaves U.S. to Join Chinese AI Project

    July 11, 2026

    European Commission Finds Meta Violated Digital Services Act with Addictive Design Features

    July 11, 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  Philadelphia Fed President Patrick Harker suggests interest rate hikes are at an end

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  Stock Indexes Turn Mixed as Chipmakers Sink

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 waver ahead of earnings on tap: 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

He works two hours a month to make six figures a year — why he says ditching the 9-to-5 is ‘the ultimate power’

July 13, 2026

Mark Cuban has strong words on AI companies and job losses

July 13, 2026

Spectrum makes significant decision as customer losses mount

July 13, 2026

Costco and Walmart capture grocery-store crowns

July 13, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Revlon emerges from bankruptcy after lender takeover

May 3, 2023

Firefighters Battle Blaze at Tyreek Hill’s Florida Home

January 4, 2024

US Economic Growth Was Weaker Than Expected In Third Quarter

October 30, 2024

BBC forced to apologize after transgender guest goes on unhinged rant against JK Rowling: ‘We should have challenged the claims’

February 16, 2023
Don't Miss

He works two hours a month to make six figures a year — why he says ditching the 9-to-5 is ‘the ultimate power’

Finance July 13, 2026

wirestock/Envato Some workers have been mandated back to the office after settling into work-from-home life,…

Tributes Pour in for New Zealand Actor Sam Neill, a Look at His Life and Career

July 13, 2026

Iran Ceasefire is Over, But Talks to Continue

July 13, 2026

Donald Trump Was Target Of ‘Very Specific’ Iranian Assassination Plot

July 13, 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 (4,399)
  • Entertainment (5,644)
  • Finance (4,166)
  • Health (2,460)
  • Lifestyle (1,897)
  • Politics (3,861)
  • Sports (4,852)
  • Tech (2,371)
  • Uncategorized (4)
  • World (5,620)
Our Picks

U.S. Ambassador Reminds NATO Deadbeat Spain of its 5% Spending Commitment

June 28, 2026

Binance to exit the Netherlands as it fails to get regulatory approval

June 18, 2023

Apple To Use Only Recycled Cobalt In Product Batteries By 2025

April 13, 2023
Popular Posts

He works two hours a month to make six figures a year — why he says ditching the 9-to-5 is ‘the ultimate power’

July 13, 2026

Tributes Pour in for New Zealand Actor Sam Neill, a Look at His Life and Career

July 13, 2026

Iran Ceasefire is Over, But Talks to Continue

July 13, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

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