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10/31/2023
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U.S., Canada, and UK Announce Coordinated Sanctions on Myanma Oil and Gas Enterprise

by Richie
10/31/2023
in Compliance, Sanctions

In a joint effort, the United States, Canada, and the United Kingdom have announced targeted sanctions against the Myanma Oil and Gas Enterprise (MOGE). MOGE, one of Burma’s primary state-owned enterprises, generates substantial foreign revenue annually, which finds its way into the military regime’s finances. These funds are utilized by the regime to acquire weapons and military equipment from abroad. To disrupt the regime’s access to the U.S. financial system and limit its capacity to commit atrocities, the United States has issued a financial services directive against MOGE.

Furthermore, the United States is collaborating with Canada and the United Kingdom to synchronize their sanctions on the military regime. This involves the designation of three entities and five individuals who have provided support to the Burmese regime in committing human rights violations and abuses since the military coup in February 2021. These designations are intended to close off avenues for sanctions evasion and bolster international efforts to hold the regime accountable for its actions. The three nations are urging all countries to take tangible steps to obstruct the flow of arms, aviation fuel, and revenue to the Burmese military regime.

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The United States, Canada, and the United Kingdom emphatically denounce the ongoing assaults by the Burmese military against those striving for genuine peace and democracy within the country. They call upon the international community to intensify its actions in addressing the deteriorating human rights, humanitarian, political, and economic crisis in Burma. Today’s actions align with the initiatives of the Association of Southeast Asian Nations (ASEAN), the UN Security Council, and regional countries in their pursuit of a just resolution to the conflict in Burma. The international community is urged to utilize all diplomatic tools at its disposal to exert pressure on the regime, compelling it to cease its atrocities and violence, release individuals unjustly detained, facilitate unhindered humanitarian assistance, and uphold the will of the Burmese people for genuine and inclusive democracy.

Your source for supply chain report news updates: The Supply Chain Report. For international trade insights and tools, head to ADAMftd.com.

#SanctionsAgainstMOGE #BurmaMilitaryRegime #USCanadaUKSanctions #MOGESanctions #MyanmarCrisis #HumanRightsAbuses #BurmeseMilitary #ASEANInitiatives #UNSecurityCouncil #JusticeForBurma #SanctionsEvasion #HumanRightsAccountability #MyanmarDemocracy #GlobalActionForBurma #StopMilitaryViolence

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