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Search resuls for: "Myanmar Foreign Trade Bank"


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We continue to encourage all countries to take tangible measures to halt the flow of arms, aviation fuel, and revenue to the military regime," U.S. Secretary of State Antony Blinken said in a separate statement. Canada imposed sanctions against 39 individuals and 22 entities for supporting Myanmar's military regime. The U.N. human rights expert for Myanmar in September called on the United States to further tighten sanctions on the country's military rulers to include the state oil and gas enterprise. Human rights advocates have repeatedly called for sanctions on MOGE, but Washington had so far held back. Myanmar military officials have played down the impact of sanctions.
Persons: Stringer, Washington, Antony Blinken, Brian Nelson, Simon Lewis, Daphne Psaledakis, Tim Gardner, Sarah Young, Ismail Shakil, Chizu Nomiyama, Rod Nickel Organizations: Army, Bank, REUTERS, Rights, Myanma, Gas Enterprise, U.S . Treasury Department, Reuters, Treasury, Financial, United Nations, Terrorism, Financial Intelligence, Chevron Corp, Chevron, Washington, Myanmar Foreign Trade Bank, Myanma Investment, Commercial Bank, Sky Royal Hero Company, General Staff, Myanmar's Army, Navy, Air Force, Thomson Locations: Yangon, Myanmar, United States, Washington, U.S, United Kingdom, Canada, Britain
By David BrunnstromWASHINGTON (Reuters) - The U.N. human rights expert for Myanmar on Wednesday called on the United States to further tighten sanctions on the country's military rulers to include their main revenue source, the state oil and gas enterprise. U.N. Special Rapporteur Tom Andrews, a former member of the U.S. Congress, also said it was vital for Washington to at least maintain levels of humanitarian support for victims of the junta inside and outside Myanmar. Andrews praised Washington for imposing sanctions on the Myanmar Foreign Trade Bank and Myanma Investment and Commercial Bank in June, but said more needed to be done. I urge the U.S. to join the European Union and immediately impose sanctions on the junta's single largest source of revenue, the Myanma Oil and Gas Enterprise," Andrews said. Myanmar military officials have played down the impact of sanctions and say their air strikes target insurgents.
Persons: David Brunnstrom WASHINGTON, Tom Andrews, Andrews, Congress's Tom Lantos, Washington, David Brunnstrom, Christopher Cushing Organizations: Myanmar, U.S . Congress, Myanmar Foreign Trade Bank, Myanma Investment, Commercial Bank, European Union, Gas Enterprise, United Locations: United States, Washington, Myanmar, U.S, Bangladesh, Russia, China
REUTERS/Ajeng Dinar Ulfiana/Pool/File Photo Acquire Licensing RightsWASHINGTON, Sept 13 (Reuters) - The U.N. human rights expert for Myanmar on Wednesday called on the United States to further tighten sanctions on the country's military rulers to include their main revenue source, the state oil and gas enterprise. Andrews praised Washington for imposing sanctions on the Myanmar Foreign Trade Bank and Myanma Investment and Commercial Bank in June, but said more needed to be done. I urge the U.S. to join the European Union and immediately impose sanctions on the junta's single largest source of revenue, the Myanma Oil and Gas Enterprise," Andrews said. In January, the United States targeted the managing director and deputy managing director of the Myanma Oil and Gas Enterprise with sanctions, but has yet to go further against the firm, despite the urgings of rights groups and dissidents. Myanmar military officials have played down the impact of sanctions and say their air strikes target insurgents.
Persons: Tom Andrews, Andrews, Congress's Tom Lantos, Washington, David Brunnstrom, Christopher Cushing Organizations: Association of Southeast Asian Nations, REUTERS, Rights, Myanmar, U.S . Congress, Myanmar Foreign Trade Bank, Myanma Investment, Commercial Bank, European Union, Gas Enterprise, United, Thomson Locations: Myanmar, Jakarta, Indonesia, United States, Washington, U.S, Bangladesh, Russia, China
The Thai reports, published on Tuesday, said Washington would announce new sanctions on Myanmar Foreign Trade Bank and Myanmar Investment and Commercial Bank as early as Wednesday. A spokesman for Myanmar's military junta said it was not worried about any new sanctions. Zaw Min Tun told the state media channel MWD on Tuesday evening that the country has experienced sanctions before and they will not face losses if there are new sanctions on Myanmar state-owned banks. He said the United States was "just doing this to cause difficulties in economics and politics". One of the Thai media reports, by Bangkok Business News, cited Thai sources as saying the sanctions would impact Thailand and other countries in the region financially because of connections with local banks.
Persons: Washington, Aung, Kyi, Min Tun, Critics, Prayuth Chan, Panu, Poppy McPherson, Kay Johnson, Raju Gopalakrishnan, Simon Cameron, Moore Organizations: United, Myanmar Foreign Trade Bank, Myanmar Investment, Commercial Bank, Reuters, Embassy, Bangkok Business, Thai, Thomson Locations: BANGKOK, United States, U.S, Thailand, States, Myanmar, Bangkok, Pattaya, ASEAN
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