Open letter from Myanmar civil society calling on President Biden to stop the flow of oil and gas company money to the Myanmar military, to impose sanctions on Myanma Oil and Gas Enterprise (MOGE) and take other additional measures to stop the flow of funds to the Burmese army.
The letter signers specifically ask the U.S. Administration to:
Use sanctions to stop gas revenues from reaching the junta and work with allies in Thailand and South Korea ensure that these revenues are diverted into escrow accounts to be held for a legitimate, recognized government.
Enforce the Treasury Department’s January 2022 business advisory on Myanmar with respect to MOGE, communicating to gas companies and banks that gas revenue payments to the military will be considered money laundering, and that those failing to comply will face consequences.
- Sanction the Myanma Foreign Trade Bank (MFTB), a state-owned enterprise that for decades has laundered gas revenues and whose government accounts are once again in military hands.