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☆ Thailand is now the Myanmar junta’s favored banking destination as military attacks ramp up, UN expert says
▼ + stars: | 2024-06-27 | by ( Helen Regan | Kocha Olarn | ) edition.cnn.com time to read: +5 min

Hong Kong/Bangkok CNN —International banks are playing a significant role in the Myanmar military junta’s ability to carry out its systematic and deadly assault on its people, a new United Nations-backed report has found. Athit Perawongmetha/ReutersThe Thai connectionSingapore-based entities were Myanmar’s third largest source of weapons and military materials. In 2022, Singapore-based banks facilitated more than 70% of the junta’s purchases passing through the banking system. Looking for other financial institutions, the junta found neighboring Thailand. “Our banking and financial institutions follow banking protocols as any major financial hub.

Persons: Tom Andrews, ” Andrews, Banks, ”, Athit Perawongmetha, “ Organizations: Bangkok CNN — International, United Nations, UN, Administration Council, SAC, “ Banking, Military Junta, States, Karen National Liberation Army, Siam Commercial Bank, CNN, Thailand’s Ministry of Foreign Affairs, Economic Bank Locations: Hong Kong, Bangkok, Myanmar, Singapore, Myawaddy, Thailand, Thai, Siam

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. Canada also imposed sanctions against 39 individuals and 22 entities in coordination with the U.K. and the U.S. 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. The Myanmar public and human rights groups had called for sanctions targeting gas revenues shortly after the army takeover. The European Union imposed sanctions against MOGE in February last year.

Persons: —, Tom Andrews, ”, Andrews, U.N, MOGE, Aung, Suu Kyi, “, ” Brian Nelson Organizations: The U.S . Treasury Department, Gas Enterprise, Treasury Department, U.S, ”, Treasury, MOGE, European Locations: BANGKOK, United States, United Kingdom, Canada, The U.S, Myanmar, U.S, Suu, Thailand, Japan, Malaysia, India, South Korea, China

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

☆ UN Rights Expert Urges US to Go Further With Sanctions Against Myanmar Junta
▼ + stars: | 2023-09-13 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +2 min

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

☆ UN rights expert urges US to go further with sanctions against Myanmar junta
▼ + stars: | 2023-09-13 | by ( David Brunnstrom | ) www.reuters.com time to read: +2 min

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

[1/2] Myanmar's military parade to mark the 72nd Armed Forces Day in the capital Naypyitaw, Myanmar March 27, 2017. REUTERS/Soe Zeya Tun/File PhotoWASHINGTON, Jan 31 (Reuters) - The United States and its allies imposed further sanctions on Myanmar on Tuesday, marking the two-year anniversary of the coup with curbs on energy officials and members of the junta, among others. Washington imposed sanctions on the Union Election Commission, mining enterprises, energy officials and current and former military officials, according to a Treasury Department statement. It marks the first time the United States has targeted Myanma Oil and Gas Enterprise (MOGE) officials under the current Myanmar sanctions program, a Treasury spokesperson said. Washington also targeted former and current Myanmar military officials, the Treasury said, accusing the Air Force of continuing to launch air strikes using Russian-made aircraft against pro-democracy forces that have killed civilians.

[1/2] Myanmar's military parade to mark the 72nd Armed Forces Day in the capital Naypyitaw, Myanmar March 27, 2017. REUTERS/Soe Zeya Tun/File PhotoWASHINGTON, Jan 31 (Reuters) - The United States and its allies imposed further sanctions on Myanmar on Tuesday, marking the two-year anniversary of a military coup with curbs on energy officials and junta members, among others. Washington imposed sanctions on the Union Election Commission, mining enterprises and energy officials, among others, according to a Treasury Department statement. It marks the first time the United States has targeted Myanma Oil and Gas Enterprise (MOGE) officials under the current Myanmar sanctions program, a Treasury spokesperson said. Mining Enterprise No 1 and Mining Enterprise No 2, both state-owned enterprises, as well as the Union Election Commission, were also hit with sanctions by Washington.

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