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

Giants Pitchers Who Wrote Bible Verses On Pride Night Hats Won’t Be Disciplined, MLB Commissioner Rob Manfred Says

June 23, 2026

Intel CEO gives investors a reality check

June 23, 2026

Joy Reid Claims Black People Aren’t Excited For July 4th, Juneteenth Is The ‘Real Thing’

June 23, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Tuesday, June 23
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Joy Reid Claims Black People Aren’t Excited For July 4th, Juneteenth Is The ‘Real Thing’

    June 23, 2026

    Democrats Are Turning Out In Droves — Even In MAGA Country

    June 23, 2026

    Trump’s Midterm Election Rigging Scheme Handed Big Loss

    June 23, 2026

    Senate Passes Major Housing Bill As Citizens Continue To Miss Out On Key Pillar Of American Dream

    June 22, 2026

    Trump Melts Down When Reporters Challenge His Reflecting Pool Vandalism Story

    June 22, 2026
  • Health

    Kidney transplant, livestock disease, Texas: Morning Rounds

    June 22, 2026

    The Hidden Hormone Controlling Your Energy, Mood, And Recovery

    June 22, 2026

    A New Way To Hit Pancreatic Cancer’s Hardest Target

    June 22, 2026

    Ebola Congo: 1,000 cases, 254 deaths, still a search for patient zero

    June 22, 2026

    What GenAI’s Math Breakthrough Means For Medicine

    June 22, 2026
  • World

    Polish President to Strip Zelensky of Top Honor over WW2 Dispute

    June 23, 2026

    Supreme Court Reinstates Murder Conviction In Case Of Etan Patz, Missing NYC Boy

    June 23, 2026

    51 Dead or Missing After Migrant Boat Capsized Off Libya Coast

    June 23, 2026

    World Cup Tourists Share First Impressions Of The U.S.

    June 23, 2026

    Leftist Terrorist With Airline Hijack Links on Party Ballot in Germany

    June 23, 2026
  • Business

    Influential Economic Policy Center Bankrolled By Shady Dating App Founder

    June 19, 2026

    Dem Senator‘s 22-Year-Old Son Raises Eyeballs After Raking In $30 Million Investment

    June 19, 2026

    Jeff Bezos Claims AI Boom Will Actually Lead To Labor Shortages

    June 17, 2026

    Are You Gay Enough To Get A California Utilities Contract? Here’s The Test

    June 17, 2026

    Jersey Mike’s Overtakes Chick-Fil-A As Highest Rated Fast Food Chain

    June 17, 2026
  • Finance

    Intel CEO gives investors a reality check

    June 23, 2026

    China’s 618 shopping festival growth slows sharply as consumer spending malaise persists

    June 23, 2026

    Borrowing need will dictate your interest rate

    June 23, 2026

    52-year-old Outback Steakhouse rival chain closes 24 locations

    June 22, 2026

    Ex-Trump advisor makes bold case for Bitcoin

    June 22, 2026
  • Tech

    Elon Musk’s SpaceX IPO Spurs Momentum for Orbital AI Data Centers

    June 23, 2026

    Netflix’s Mega Podcast Venture Failing to Earn Fans

    June 23, 2026

    Texas Grandma Killed by Tesla Crashing into Home, Driver Claims ‘Autopilot’ Active

    June 22, 2026

    Asbestos Discovered in 1,000 UK Wind Turbines Imported from China

    June 22, 2026

    ‘F**k These Weird Ass Vultures’

    June 22, 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  Jared Kushner's Post-White House $2 Billion Saudi Investment Sparked Ethical Debate and Saudi Skepticism Due to 'Inexperience' and 'Public Relations Risks'

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  Israel Observes 50th Anniversary of 1973 Yom Kippur War

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  Unity software stock soars after Apple Vision Pro partnership announcement

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

Intel CEO gives investors a reality check

June 23, 2026

China’s 618 shopping festival growth slows sharply as consumer spending malaise persists

June 23, 2026

Borrowing need will dictate your interest rate

June 23, 2026

52-year-old Outback Steakhouse rival chain closes 24 locations

June 22, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Biden to Ask for Another $25 Billion in Ukraine Aid

August 12, 2023

The Secret Daily Routines Behind History’s Most Brilliant Thinkers

October 20, 2025

Absentee Voters Begin Casting Ballots as Third Party Endorses Erdogan

May 26, 2023

Elon Musk Transforms Twitter into ‘X,’ Gets Roasted for It

July 25, 2023
Don't Miss

Giants Pitchers Who Wrote Bible Verses On Pride Night Hats Won’t Be Disciplined, MLB Commissioner Rob Manfred Says

Sports June 23, 2026

Rob Manfred, the commissioner of Major League Baseball, said to Sen. Josh Hawley (R-MO) that…

Intel CEO gives investors a reality check

June 23, 2026

Joy Reid Claims Black People Aren’t Excited For July 4th, Juneteenth Is The ‘Real Thing’

June 23, 2026

Not ‘My Place to Use My Stage’ to ‘Tell People How to Think or How to Vote’

June 23, 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 (4,386)
  • Entertainment (5,257)
  • Finance (3,886)
  • Health (2,326)
  • Lifestyle (1,893)
  • Politics (3,653)
  • Sports (4,617)
  • Tech (2,296)
  • Uncategorized (4)
  • World (5,164)
Our Picks

Monte dei Paschi beats profit forecast, strengthens capital

November 8, 2023

Real Estate Group Reaches Deal That Could Cause Massive Change To How Americans Buy Homes

March 16, 2024

‘Outlander’ Love Triangle Between John Bell, Charles Vandervaart

July 8, 2023
Popular Posts

Giants Pitchers Who Wrote Bible Verses On Pride Night Hats Won’t Be Disciplined, MLB Commissioner Rob Manfred Says

June 23, 2026

Intel CEO gives investors a reality check

June 23, 2026

Joy Reid Claims Black People Aren’t Excited For July 4th, Juneteenth Is The ‘Real Thing’

June 23, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

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