“The Myanmar military is embarrassed for trying to withdraw 1 trillion won from US accounts.”

Check-in 2021.03.05 16:14

Reuters reported the quarter (local time), citing sources familiar with the matter, that Myanmar’s military attempted to move the $ 1 billion (about 1.125 trillion won) of central bank funds deposited in the United States earlier in the month. last.

Myanmar’s military was reportedly embarrassed as it sought a billion dollars deposited with the Federal Reserve Bank of New York on behalf of the central bank on the 4th of last month, three days after taking power in a coup de Condition. The Federal Reserve Bank of New York, one of the 12 US Federal Reserve banks, is known as a place where central banks from around the world deposit dollar assets to facilitate overseas settlements.

It is reported that US authorities, who closely monitored the situation last year that the funds were involved in crimes such as drug trafficking, immediately imposed a total freeze action on the military’s withdrawal attempts. US President Joe Biden later signed an executive order containing sanctions against Myanmar on the 10th of last month.

In Myanmar, bloodshed continues as protests continue demanding the resignation of the military after the coup. In a statement issued today, Mitchell Bachelet said in a statement issued that day, “at least 54 people have been killed and more than 1,700 have been arrested in Myanmar.”

There is also a growing voice that the Myanmar military should target economic sanctions. UN human rights investigator Thomas Andrews said in a report released that day: “The Myanmar military is committed to illegally killing and detaining protesters,” and urged the UN Security Council to intervene, including the prohibition of arms exports. In addition, he demanded that the Myanmar army be prosecuted at the International Criminal Court for atrocities.

The US Department of Commerce took responsibility for the coup and repression of peaceful protests, and included four companies on the list of export restrictions, including the Ministry of Defense, the Ministry of the Interior, the Economic Enterprise of Myanmar and the Myanmar Economic Holding Company. Government agencies and companies on this list must obtain approval from the US government. Before doing business with US companies. The Department of Commerce also required US companies to obtain government approval by export items that could be used for military purposes to Myanmar.

Canada, the United Kingdom and the European Union (EU) have already imposed additional sanctions on the Myanmar military.