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United States Imposes Sanctions on MOGE to Disrupt Burmese Military Regime’s Financing

SanctionsUnited States Imposes Sanctions on MOGE to Disrupt Burmese Military Regime's Financing

Today, the United States has imposed targeted sanctions on the Myanma Oil and Gas Enterprise (MOGE), a major source of revenue for the Burmese military regime. MOGE’s income supports the regime’s acquisition of weapons and military resources. Through financial restrictions on MOGE, the U.S. aims to disrupt the regime’s access to American financial systems and reduce its capacity for committing atrocities.

Furthermore, the U.S. is collaborating with Canada and the United Kingdom to align their sanctions on the Burmese military regime. Three entities and five individuals who have aided in human rights violations since the military coup in February 2021 have been designated for sanctions. These actions aim to prevent sanctions evasion and enhance efforts to hold the regime accountable for its actions. All countries are encouraged to take measures to stop the flow of arms, aviation fuel, and revenue to the military regime.

The United States, Canada, and the United Kingdom strongly condemn the ongoing violence by the Burmese military against those seeking peace and democracy. They call on the international community to take decisive steps to address the worsening crises in Burma, spanning human rights, humanitarian, political, and economic issues. These actions align with the efforts of the Association of Southeast Asian Nations, the UN Security Council, and regional countries to find a just resolution to the conflict in Burma. Diplomatic efforts are essential to urge the regime to cease its violence, release unjustly detained individuals, facilitate humanitarian aid, and support the Burmese people’s desire for genuine democracy.

These measures are in accordance with Executive Order 14014, “Blocking Property With Respect to the Situation in Burma.” For more information on the directive and sanctions, refer to the Treasury’s press release.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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