© Reuters. FILE PHOTO: Police stand on a road during an anti-coup protest in Mandalay


By Simon Lewis and Daphne Psaledakis

WASHINGTON (Reuters) – The United States on Wednesday imposed sanctions on two children of Myanmar’s military leader Min Aung Hlaing and six companies they control in response to the military’s Feb. 1 coup and the killing of protesters since the takeover.

The U.S. Treasury Department said in a statement it blacklisted Aung Pyae Sone and Khin Thiri Thet Mon, the adult children of Myanmar’s commander in chief who led the coup and installed himself as head of the ruling State Administration Council.

U.S. Secretary of State Antony Blinken warned more punitive actions could follow, and condemned the detention of over 1,700 people and attacks by Myanmar’s security forces against unarmed protesters that he said have killed at least 53 people.

“We will not hesitate to take further action against those who instigate violence and suppress the will of the people,” Blinken said in a statement.

The military has brushed off condemnation of its actions, as it has in past periods of army rule when outbreaks of protest were forcibly repressed.

Wednesday’s move – the latest in a series of punitive actions taken by Washington against Myanmar’s military over the coup – essentially freezes any U.S. assets of those blacklisted and generally bars Americans from dealing with them.

Campaign group Justice for Myanmar said in January that Min Aung Hlaing, who has been commander in chief since 2011, has “abused his power to benefit his family, who have profited from their access to state resources and the military’s total impunity.”

The six Myanmar companies blacklisted by Washington include A&M Mahar, which is controlled by Aung Pyae Sone, the general’s son. Justice for Myanmar said A&M offers foreign pharmaceutical companies access to Myanmar’s market by obtaining approvals from Myanmar’s Food and Drug Administration.

John Sifton, Asia advocacy director at Human Rights Watch, praised the Treasury’s move for directly hitting at the wealth of Min Aung Hlaing, but called for stronger action.

“These are not the kind of punitive actions that we believe will lead to behavioral change. We are recommending they focus on ongoing revenue streams which are far larger and if cut off would be far more painful to the military as an institution,” Sifton said, referring to oil and gas revenues produced by projects that involve international companies.

The United States has so far held back from imposing sanctions against military conglomerates Myanmar Economic Corporation (MEC) and Myanmar Economic Holdings Limited (MEHL), among those used by the military to control vast swathes of the country’s economy.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link