EU Sanctions Myanmar Oil Firm for Providing Junta Resources
- MOGE provides ‘substantive resources’ to the military regime
- Myanmar measures now apply to 65 individuals, 10 entities
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The European Union imposed fresh sanctions against Myanmar’s military regime, focusing on a lucrative state-owned oil and gas company that has been a key source of revenue for the junta more than a year after the coup.
The new listings target 22 individuals including government ministers, as well as high-ranking members of the Myanmar Armed Forces, the European Council said Monday. It also targets four entities, including state-owned companies like Myanma Oil and Gas Enterprise, which were found to provide the regime with “substantive resources.”