In a significant move, the United States has imposed targeted sanctions on the Myanma Oil and Gas Enterprise (MOGE), the most lucrative state-owned enterprise in Burma. This action signifies the U.S government's stern response to the coup orchestrated by the military in Myanmar and its subsequent human rights abuses. This sanction aims to ratchet up economic pressure against the military regime in power and drive a wedge in their primary source of income.
1. The United States has imposed targeted sanctions on the Myanma Oil and Gas Enterprise (MOGE), the most lucrative state-owned enterprise in Burma.
2. This decision is reflecting the U.S government's stern response to the coup arranged by the military in Myanmar and subsequent human rights abuses which were committed.
3. The sanctions aim to put pressure on the military regime economically and weaken their primary source of income.
4. The action represents a strategic move by the US, designed to stifle one of Burma's main sources of income.
5. This move comes as part of broader global efforts to raise pressure on the ruling military junta in Myanmar, in hope to restore the country's democratic order.
The Myanma Oil and Gas Enterprise (MOGE) contributes over 50% of Myanmar's national budget.
In a groundbreaking and significant move, the United States makes a strategic move to stifle one of Burma's primary sources of income. The Myanma Oil and Gas Enterprise (MOGE) is Burma's most lucrative state-owned asset. By imposing targeted sanctions on this enterprise, the United States aims to limit the financial resources available to the military junta currently ruling the nation. This comes as part of broader global efforts to raise the pressure on them, urging them to restore the country's democratic order.