The United States on Tuesday will impose a form of sanctions on Myanma Oil and Gas Enterprise (MOGE), according to a statement seen by Reuters, but will hold back from imposing full blocking sanctions on the ruling junta's main source of foreign revenue.
The action, first reported by Reuters, will prohibit certain financial services by Americans to the state oil and gas enterprise starting on Dec. 15 in the first direct action against the state-owned enterprise. Washington has previously targeted its leadership.
Washington will also slap sanctions on three entities and five people the U.S. Treasury Department said were connected to Myanmar's military, according to the statement. Myanmar has been in crisis since the military launched a coup in 2021 and embarked on a deadly crackdown that gave rise to a nationwide resistance movement that won the backing of several ethnic minority armies.
Washington will also impose sanctions on three entities it said have assisted the junta in importing arms, dual-use goods and other materials, including from Russian entities under U.S. sanctions, according to the statement.
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