United States Targets Leaders of Burma s Military Coup Under New Executive Order marketswired.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketswired.com Daily Mail and Mail on Sunday newspapers.
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The Biden Administration has been quick to respond to the
unfolding situation in Myanmar (also known Burma): a day after the
military, known as the Tatmadaw, seized control of the
country s government, the State Department declared the actions a coup d état,
resulting in a cutoff of many categories of foreign assistance.
Other sanctions followed soon after. As a result, both new economic
sanctions and export controls restrict-currently only in targeted
ways-US trade with Burma.
New Sanctions
In particular, on February 11, 2021, President Biden signed Executive Order on Blocking Property with Respect
February 11, 2021
Washington – Today, the Biden administration launched a new sanctions regime in response to the Burmese military’s coup against the democratically elected civilian government of Burma. In coordination with the issuance of a new Executive Order (E.O.), the U.S. Department of the Treasury designated, pursuant to that E.O., 10 individuals and three entities connected to the military apparatus responsible for the coup. The United States will continue to work with partners throughout the region and the world to support the restoration of democracy and the rule of law in Burma, to press for the immediate release of political prisoners, including State Counselor Aung San Suu Kyi and President Win Myint, and to hold accountable those responsible for attempting to reverse Burma’s progress toward democracy. These sanctions specifically target those who played a leading role in the overthrow of Burma’s democratically elected government. The sanctions are not directed