2/2/24, 10:03 AM Treasury Sanctions Military Cronies and Companies in Burma Three Years after Military Coup | U.S. Department of the Treasury U.S. DEPARTMENT OF THE TREASURY Treasury Sanctions Military Cronies and Companies in Burma Three Years after Military Coup January 31, 2024 The United States Sanctions Burma Military Regime Supporters WASHINGTON — Today, marking the three-year anniversary of the military coup in Burma, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating two entities closely associated with Burma’s military regime, as well as four cronies, pursuant to Executive Order (E.O.) 14014. OFAC has coordinated this sanctions action to include individuals and entities that were previously designated by Canada’ on October 31, 2023. On February 1, 2021, Burma’s military forces overthrew the democratically elected government and removed the civilian government leaders from power. Over the past three years, the military has continuously used violence and terror to oppress the people of Burma and deny them the ability to freely choose their own leaders. Despite international pressure for the cessation of attacks in civilian areas, Burma’s military regime has continued to use its military aircraft to conduct aerial bombings. To carry out these attacks, Burma’s military has relied on a broad network of companies and individuals that provide material and financial support to the regime. “Today’s action emphasizes our commitment to deprive Burma’s military regime of the resources it needs to conduct its attacks against its own people,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson. “The United States, along with our allies and partners, will continue to hold accountable those who seek to profit from, and provide support for, the violent oppression of the people of Burma.” SUPPORTERS OF BURMA’S MILITARY ENTERPRISES Today’s action targets two entities that maintain relationship with Myanma Economic Holdings Public Company Limited (MEHL), which was designated by OFAC on March 25, 2021. Through their ties to MEHL, these entities have enabled the purchase of foreign currency and the importation of petroleum and other materials on behalf the military https://home.treasury.gov/news/press-releases/jy2067 1/3