U.S. President Joe Biden Signs Executive Order to Sanction Myanmar
U.S. President Joe Biden on Wednesday approved an executive order for new sanctions on those responsible for the coup, and repeated demands for the generals to give up power and free civilian leaders.
Washington would identify the first round of targets this week and was taking steps to prevent the generals in Myanmar, also known as Burma, having access to $1 billion in Myanmar government funds held in the United States.
“We’re also going to impose strong exports controls. We’re freezing U.S. assets that benefit the Burmese government, while maintaining our support for health care, civil society groups, and other areas that benefit the people of Burma directly,” Biden said at the White House.
Washington is likely to target coup leader Min Aung Hlaing and other top generals who are already under U.S. sanctions imposed in 2019 over abuses against Rohingya Muslims and other minorities.
It could also target military holding companies with investments spanning sectors including banking, gems, copper, telecoms and clothing.
The overthrow of Myanmar’s civilian government presents Biden with his first major international crisis, and a test of his dual pledges to re-centre human rights in foreign policy and work more closely with allies.