Myanmar’s UN Ambassador Calls for More Sanctions Against Regime – Myanmar diplomats are rallying global support for the military regime. According to one NGO, about 73 people have been killed since the Feb. 1 military coup.
Myanmar’s UN Ambassador Calls for More Sanctions Against Regime
MilitaryEzyInfo.com – Myanmar’s ambassador to the United Nations, Kyaw Moe Tun, is not pleased with the government’s repeated accusations. He called on the U.S. Congress to strengthen sanctions against the Burmese regime, especially against companies that support it, according to Reuters.
According to Kyaw Moe Tun, a prime target for punishing the Burmese regime is the state-run Myanmar Oil and Gas Enterprise (MOGE).
In addition to these companies, Kyaw Moe Tun has proposed sanctions against Myanmar’s central bank, the Myanmar Foreign Trade Bank (MFTB). He argued that sanctions against both would have a direct impact on the activities of the junta.
“I would like to reiterate that Burma has not only regressed in terms of democratization, but its situation could threaten stability and peace in the region,” Kyaw Maung Tun said in a meeting with the U.S. House Foreign Affairs Committee on Wednesday, May 5, 2021, explaining why he is pushing for additional sanctions.
As you know, the United States has already imposed several sanctions against Burma. These sanctions target not only Burmese military personnel, but also companies associated with them.
The sanctions not only prohibit entry into the US but also freeze assets and prohibit economic transactions in the US.
The two entities targeted by the sanctions are Myanmar Holdings Public Company Limited (MEHL) and Myanmar Economic Corporation Limited (MEC).
These two conglomerates are subsidiaries of the Burmese military and are one of its largest sources of revenue. They are involved in telecommunications, beer, tobacco, tires, mining, and real estate. It is not an exaggeration to say that they dominate strategic sectors in Myanmar.
The oil and gas and banking sectors fall into neither of these categories. It is against this background that Kyaw Maung Tun called for sanctions in order to increase pressure on the regime.
MOGE, along with Chevron (US) and Total (France), is known for its offshore oil drilling activities. MFTB, on the other hand, oversees foreign exchange transactions for the Burmese government.
Since the coup in Myanmar on February 1, locals have been calling on the international community to punish not only the Junction executives but also their own company.
This is because, according to residents and activists, these businesses are the heartbeat of Myanmar’s military operations. They believe that if the Burmese military succeeds in impoverishing them, it will be easier to pressure them for democracy.
As of now, the situation in Burma has not been completely resolved. According to the Legal Aid Society for Political Prisoners, 766 people have been killed by the military since the coup began. Furthermore, it is unlikely that the Burmese regime will follow the five-point consensus of the ASEAN summit.