Current:Home > MyOpponents of military rule in Myanmar applaud new sanctions targeting gas revenues -VitalEdge Finance Pro
Opponents of military rule in Myanmar applaud new sanctions targeting gas revenues
View
Date:2025-04-18 05:38:44
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! (9)
Related
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- How Nick Carter Is Healing One Year After Brother Aaron Carter's Death
- From soccer pitch to gridiron, Cowboys kicker Brandon Aubrey off to historic NFL start
- Retired businessman will lead Boy Scouts of America as it emerges from scandal-driven bankruptcy
- Illinois governor calls for resignation of sheriff whose deputy fatally shot Black woman in her home
- 3 books in translation for fall that are big — in different ways
- Ohio will vote on marijuana legalization. Advocates say there’s a lot at stake
- Justice Department ends probe into police beating of man during traffic stop in Florida
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Why everyone in the labor market is being picky
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Toddler critically injured in accidental shooting after suspect discards gun on daycare playground
- New York City Marathon: Everything there is to know about this year's five-borough race
- Ken Mattingly, Apollo 16 astronaut who orbited the moon, dies at 87
- US Open player compensation rises to a record $65 million, with singles champs getting $3.6 million
- Biden administration awards $653 million in grants for 41 projects to upgrade ports
- Duane Keith Davis, charged with murder in Tupac Shakur's 1996 death, pleads not guilty in Las Vegas
- Ken Mattingly, Apollo 16 astronaut who orbited the moon, dies at 87
Recommendation
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
Bass Reeves deserves better – 'Lawmen' doesn't do justice to the Black U.S. marshal
Illinois city tickets reporter for asking too many questions, in latest First Amendment dustup
Arkansas sheriff arrested on charge of obstruction of justice
Sonya Massey's father decries possible release of former deputy charged with her death
Two New York residents claim $1 million prizes from Powerball drawings on same day
FTC lawsuit alleges Amazon tried to pull a fast one on consumers with secret price gouging
Taliban appeal to Afghan private sector to help those fleeing Pakistan’s mass deportation drive