US, allies mark anniversary of Myanmar coup with fresh sanctions | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Sunday
May 18, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SUNDAY, MAY 18, 2025
US, allies mark anniversary of Myanmar coup with fresh sanctions

World+Biz

Reuters
31 January, 2023, 09:15 pm
Last modified: 31 January, 2023, 09:16 pm

Related News

  • Israeli strikes kill 146 Palestinians in Gaza in 24 hours, local health authorities say
  • Trump announces $14.5 billion Etihad commitment with Boeing, GE
  • EU agrees 17th package of sanctions on Russia
  • Trump to say hello to Syrian president in Saudi Arabia, White House says
  • Yunus welcomes India-Pakistan ceasefire, lauds US mediation

US, allies mark anniversary of Myanmar coup with fresh sanctions

Reuters
31 January, 2023, 09:15 pm
Last modified: 31 January, 2023, 09:16 pm
FILE PHOTO: Myanmar's military parade to mark the 72nd Armed Forces Day in the capital Naypyitaw, Myanmar March 27, 2017. REUTERS/Soe Zeya Tun/File Photo
FILE PHOTO: Myanmar's military parade to mark the 72nd Armed Forces Day in the capital Naypyitaw, Myanmar March 27, 2017. REUTERS/Soe Zeya Tun/File Photo

The United States and its allies will impose 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 will impose sanctions on the Union Election Commission, mining enterprises, energy officials and current and former military officials, according to a Treasury Department statement seen by Reuters.

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.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Canada, Australia and the United Kingdom also announced sanctions on Tuesday.

Myanmar's top generals led a coup in February 2021 after five years of tense power-sharing under a quasi-civilian political system that was created by the military, which led to a decade of unprecedented reform.

The country has been in chaos since, with a resistance movement fighting the military on multiple fronts after a bloody crackdown on opponents that saw Western sanctions re-imposed.

Tuesday's US move will target the managing director and deputy managing director of the state-owned MOGE, which is the junta's single largest revenue generating state-owned enterprise, according to the Treasury statement.

Human rights advocates have called for sanctions on MOGE, but Washington has so far held back from designating the state-owned enterprise.

Also among those that will be designated by Washington was the Union Minister of Energy, Myo Myint Oo, who Treasury said represents Myanmar's government in international and domestic energy sector engagements and manages the state-owned entities involved in the production and export of oil and gas.

Mining Enterprise No 1 and Mining Enterprise No 2, both state-owned enterprises, as well as the Union Election Commission, are also set to be hit with sanctions by the United States.

The military has pledged to hold an election in August this year. On Friday, the junta announced tough requirements for parties to contest the election, including a huge increase in their membership, a move that could sideline the military's opponents and cement its grip on power.

The rules favour the Union Solidarity and Development Party, a military proxy stacked with former generals, which was trounced by Aung San Suu Kyi's National League for Democracy (NLD) party in 2015 and 2020 elections.

The NLD in November described the election as "phoney" and said it would not acknowledge it. The election has also been dismissed as a sham by Western governments.

Washington will also target former and 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.

Canada targeted six individuals and prohibited the export, sale, supply or shipment of aviation fuel in its action on Tuesday, while Australia targeted members of the junta and a military-run company.

The United Kingdom designated two companies and two individuals for helping supply Myanmar's air force with aviation fuel used to carry out bombing campaigns against its own citizens.

"The junta must be held to account for their brutal crackdown on opposition voices, terrorising air raids and brazen human rights violations," British Foreign Secretary James Cleverly said in a statement.

 

Top News / USA

US / Canada / Myanmar / sanctions

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Representational image. Photo: TBS
    India halts import of Bangladeshi garments, processed foods via land ports
  • Infographic: TBS
    Govt borrows Tk1.08 lakh crore from commercial banks in 11.5 months of FY25
  • Salahuddin addressing a youth rally titled ‘Tarunner Odhikar Pratistha Shomabesh’ at Khulna Circuit House ground on 17 May. Photo: Collected
    BNP's Salahuddin accuses interim govt of siding with NCP

MOST VIEWED

  • Efforts to recover Dhaka’s encroached, terminally degraded canals are not new. Photo: TBS
    Dhaka's 220km canals to be revived within this year: Dhaka North
  • Screenshot of Google Maps showing the distance between Bhola and Barishal
    Govt to build longest bridge to link Bhola, Barishal
  • New telecom licensing regime in June 
    New telecom licensing regime in June 
  • Representational image. Photo: Freepik
    Country’s first private equity fund winding up amid poor investor response
  • BGB members on high alert along the Bangladesh-India border in Brahmanbaria on 16 May 2025. Photo: TBS
    BGB, locals foil BSF attempt to push-in 750 Indian nationals thru Brahmanbaria border
  • Banks struggle in their core business as net interest income falls
    Banks struggle in their core business as net interest income falls

Related News

  • Israeli strikes kill 146 Palestinians in Gaza in 24 hours, local health authorities say
  • Trump announces $14.5 billion Etihad commitment with Boeing, GE
  • EU agrees 17th package of sanctions on Russia
  • Trump to say hello to Syrian president in Saudi Arabia, White House says
  • Yunus welcomes India-Pakistan ceasefire, lauds US mediation

Features

With a growing population, the main areas of Rajshahi city are now often clogged with traffic. Photo Credit: Mahmud Jami

Once a ‘green city’, Rajshahi now struggling to breathe

6h | Panorama
Illustration: TBS

Cassettes, cards, and a contactless future: NFC’s expanding role in Bangladesh

1d | Panorama
Photo: Collected

The never-ending hype around China Mart and Thailand Haul

1d | Mode
Hatitjheel’s water has turned black and emits a foul odour, causing significant public distress. Photo: Syed Zakir Hossain

Blackened waters and foul stench: Why can't Rajuk control Hatirjheel pollution?

1d | Panorama

More Videos from TBS

News of The Day, 17 MAY 2025

News of The Day, 17 MAY 2025

4h | TBS News of the day
New program announced; NBR officials and employees extend pen break program

New program announced; NBR officials and employees extend pen break program

6h | TBS Today
India or the United States: Where is the iPhone factory more profitable?

India or the United States: Where is the iPhone factory more profitable?

2h | Others
How Bangladeshi Workers lost $1.3b in remittance fees, exchange rate volatility in 2024

How Bangladeshi Workers lost $1.3b in remittance fees, exchange rate volatility in 2024

6h | TBS Insight
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net