The United States has frozen 1 billion in assets in Myanmar
Myanmar's military has tried to extract Ú©Û’ 1 billion in assets from the US Federal Reserve Bank in New York after taking power, which US officials have thwarted by freezing their funds.
According to details, a transaction made by the Central Bank of Myanmar on February 4 has been stopped by the Federal Reserve Bank. U.S. officials then blocked the transaction until President Joe Biden's presidential decree was issued, after which he was given the legal authority to suspend the transaction.
A spokesman for the Federal Reserve in New York declined to comment on the specific account holder. The US Treasury Department also declined to comment.
Myanmar's military-led attempt to extract assets, which has never been reported before, took place during the country's martial law regime, when the military-appointed government appointed a new central bank governor and introduced reforms. Several pro-government officials were detained during martial law.
According to observers, this was an attempt by the military junta to reduce the impact of possible international sanctions imposed after the imposition of military rule in the country.
It should be noted that the Myanmar government imposed military rule in the country in February this year and imprisoned Aung San Suu Kyi and other elected officials who won the general election in November last year. The military seized power and accused the country of widespread fraud in last year's election, which the country's election commission has already denied.
According to Reuters, an army spokesman was called in for comment, but did not receive a call. According to Reuters, the country's central bank officials could not be reached.
The United States, Canada, the European Union and the United Kingdom have re-imposed sanctions on Myanmar following military crackdowns on the military government and protests against it, which have killed dozens. ۔
According to the United Nations, 54 people have been killed and more than 1,700 arrested, including 29 journalists, in protests since the country's military took office on Thursday.
In a February 10 presidential decree imposing sanctions on military generals and their businesses, Biden said the United States was responsible for Myanmar's attempts to gain access to the Myanmar government's 1 billion assets. Failed.
At the time, US officials did not release details of the presidential decree, and the following day, a presidential decree specifically named Myanmar's central bank as part of the Myanmar government. The order called for the confiscation of the country's assets after the military rule.
According to Reuters, he was told by two sources that the presidential decree was issued to give the Federal Reserve Bank of New York the legal authority to indefinitely transfer Myanmar's ارب 1 billion assets. Could freeze
0 Comments