Current:Home > MarketsOpponents of military rule in Myanmar applaud new sanctions targeting gas revenues -MoneyMatrix
Opponents of military rule in Myanmar applaud new sanctions targeting gas revenues
View
Date:2025-04-16 15:14:54
BANGKOK (AP) — A U.N.-appointed human rights expert and opponents of Myanmar’s military government have welcomed the latest sanctions imposed by the United States, the United Kingdom and Canada on companies providing financial resources to the army-installed regime and high-ranking officials. The move is linked to rising violence and human rights abuses in the Southeast Asian nation.
The U.S. Treasury Department said Tuesday it was imposing sanctions on Myanmar’s state-owned Myanma Oil and Gas Enterprise, a joint venture partner in all offshore gas projects and a vital source of hard cash for the military government. The sanctions block access to money and resources under U.S. control, and prohibit U.S. citizens from providing financial services to — or for the benefit of — MOGE starting from Dec. 15.
Five officials are on the sanctions list: the ministers of industry and investment and foreign economic relations; the director generals of the prosecution and prisons departments; and the chief of general staff for the combined military forces. Three organizations were also designated for sanctions, according to the Treasury Department.
The U.K. also sanctioned five people and one entity that it said are involved either in providing financial services to the regime or the supply of restricted goods, including aircraft parts.
Canada also imposed sanctions against 39 individuals and 22 entities in coordination with the U.K. and the U.S.
Tom Andrews, a special rapporteur working with the U.N. human rights office, said in a statement that the fresh sanctions were important steps forward and that the ban on financial services that benefit MOGE would hit the junta’s largest source of revenue.
“These actions signal to the people of Myanmar that they have not been forgotten, but there is much more that the international community can and must do.” said Andrews, urging U.N. member states to take stronger, coordinated action “to support the heroic efforts of the people of Myanmar to defend their nation and save their children’s future.”
Justice for Myanmar, an underground group of researchers and activists from Myanmar, also said the U.S. move against MOGE was a welcome step “to disrupt the junta’s single biggest source of foreign revenue.” The group operates covertly because the military government does not tolerate critics of its rule.
“The U.S. should continue to target the junta’s access to funds, including through full sanctions on MOGE in coordination with its allies,” the group said in a statement.
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.
Widespread nonviolent protests following the military takeover were suppressed by deadly force and triggered armed resistance in much of the country that some experts characterize as a civil war.
“Today’s action, taken in coordination with Canada and the United Kingdom ... denies the regime access to arms and supplies necessary to commit its violent acts,” Brian Nelson, the Treasury Department’s undersecretary for terrorism and financial intelligence, said in a statement.
“Collectively, we remain committed to degrading the regime’s evasion tactics and continuing to hold the regime accountable for its violence,” he said.
The Myanmar public and human rights groups had called for sanctions targeting gas revenues shortly after the army takeover. About 50% of Myanmar’s foreign income derives from natural gas revenues. Several offshore gas fields operate in Myanmar’s maritime territory, run by companies from Thailand, Japan, Malaysia, India and South Korea in partnership with MOGE. China is an investor in the pipeline that delivers the gas to the country.
The European Union imposed sanctions against MOGE in February last year.
veryGood! (6)
Related
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Lou Dobbs, political commentator and former 'Lou Dobbs Tonight' anchor, dies at 78
- Britney Spears slams Ozzy Osbourne, family for mocking her dance videos as 'sad'
- Rocket scientist. Engineer. Mogul. Meet 10 US Olympians with super impressive résumés
- Nevada attorney general revives 2020 fake electors case
- 2025 MLB regular season schedule: LA Dodgers, Chicago Cubs open in Tokyo
- Grateful Dead, Bonnie Raitt, Francis Ford Coppola to receive Kennedy Center Honors
- Republicans emerge from their convention thrilled with Trump and talking about a blowout victory
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- 2025 MLB regular season schedule: LA Dodgers, Chicago Cubs open in Tokyo
Ranking
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Is Alabama adding Nick Saban's name to Bryant-Denny Stadium? Here's what we know
- This week on Sunday Morning (July 21)
- TikToker Tianna Robillard Accuses Cody Ford of Cheating Before Breaking Off Engagement
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- FACT FOCUS: Heritage Foundation leader wrong to say most political violence is committed by the left
- Former DWAC CEO lied about merger talks with Trump Media, SEC lawsuit alleges
- Map shows states where above-normal temperatures are forecast to continue this fall
Recommendation
Current, future North Carolina governor’s challenge of power
Meet Crush, the rare orange lobster diverted from dinner plate to aquarium by Denver Broncos fans
Kid Rock teases Republican National Convention performance, shows support for Donald Trump
Ralph Macchio reflects on nurturing marriage with Phyllis Fierro while filming 'Cobra Kai'
Former Danish minister for Greenland discusses Trump's push to acquire island
Canadians say they're worried a U.S. company may be emitting toxic gas into their community
Shelter provider accused of pervasive sexual abuse of migrant children in U.S. custody
Idaho inmate who escaped after hospital attack set to be sentenced