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US blocks funds to Myanmar, sanctions 10 individuals linked to coup

Vice-President-Joe-Biden

According to the order, all US-owned properties are blocked and may not be transferred paid, exported, withdrawn, or otherwise dealt in the operations of the Myanmar economy or complicit in actions that undermine democratic processes, threaten peace and security, prohibit freedom of expression and arbitrary detention or torture of any person in Myanmar.

Washington, February 12 : US President Joe Biden on Thursday signed an executive order blocking US properties and funds to Myanmar as dealing with military coup leaders is a threat to the foreign policy of the United States.

It also sanctioned 10 individuals and three entities for their association with the military apparatus responsible for the coup in Myanmar.

“I find that the situation in and in relation to Burma, and in particular the February 1, 2021, coup, in which the military overthrew the democratically elected civilian government of Burma and unjustly arrested and detained government leaders, politicians, human rights defenders, journalists, and religious leaders, thereby rejecting the will of the people of Burma as expressed in elections held in November 2020 and undermining the country’s democratic transition and rule of law, constitutes an unusual and extraordinary threat to the national security and foreign policy of the United States,” read the executive order passed by the President.

According to the order, all US-owned properties are blocked and may not be transferred paid, exported, withdrawn, or otherwise dealt in the operations of the Myanmar economy or complicit in actions that undermine democratic processes, threaten peace and security, prohibit freedom of expression and arbitrary detention or torture of any person in Myanmar.

The funds are also blocked for the military or security forces of Myanmar and the Government of Myanmar after February 2.

Prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any person whose property and interests in property are blocked pursuant to this order and the receipt of any contribution or provision of funds, goods, or services from any such person.

Moreover, the entry of persons in the US as immigrants or nonimmigrants, who come under the above criteria, has been suspended, except where the Secretary of State or the Secretary of Homeland Security, as appropriate, determines that the person’s entry would not be contrary to the interests of the US.

Any transaction that evades or avoids, has the purpose of evading or avoiding, causes a violation of or attempts to violate any of the prohibitions set in this order is also prohibited, according to Biden’s executive order.

On Wednesday, Biden had announced sanctions on the leaders of the military coup in Myanmar.

“… Today I have approved a new executive order, enabling us to immediately sanction the military leaders who directed the coup, their business interests and their family members,” he said at the White House.

Myanmar’s military launched a coup on February 1 and detained State Counsellor Aung San Suu Kyi, Win Myint and other National League for Democracy (NLD) members.

According to a statement by the White House, the US Department of the Treasury designated 10 individuals and three entities for their association with the military apparatus responsible for the coup.

Among these individuals are six members of the National Defense and Security Council, including Commander-in-Chief of the Burmese military forces Min Aung Hlaing and Deputy Commander-in-Chief of the Myanmar military forces Soe Win as well as four members of the State Administration Council.

Under the new Executive order signed by Biden, the Treasury Department can also target the spouses and adult children of these individuals.

Moreover, three entities, including Myanmar Ruby Enterprise and Myanmar Imperial Jade Co., LTD. which are wholly owned subsidiaries of a conglomerate owned or controlled by the Burmese military, have also been designated.

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