WASHINGTON, US authorities increase sanctions on Myanmar oil companies. Hoping to cut off the financial route of the Myanmar military government.
The US Treasury Department announced sanctions on oil and gas companies owned by the Myanmar government. This is because it is the largest source of foreign income for the Myanmar military government. It will ban certain financial services. including investments and loans from U.S. individuals to Myanmar government oil companies.
The United States accused Myanmar's military has received hundreds of millions of dollars a year from oil companies since the 2021 coup. Cutting off the companies' finances reduces the Myanmar military's ability to purchase weapons from abroad. To be used to suppress people who oppose the military government. The US Treasury Department also stated that It is working with Britain and Canada to punish three companies and five individuals accused of importing weapons from Russia on behalf of the Myanmar military.
Mr. Anthony Blinken, Secretary of State of the United States, stated that The sanctions strengthen U.S. efforts to hold the Myanmar military government accountable for its atrocities. At the same time, the United States also called on all countries to jointly find measures to prevent the use of weapons. This includes fuel for aircraft and any assets. It also fell into the hands of the Myanmar military government.
Source: Thai News Agency