US President Biden Orders Sanctions Against Myanmar Military Leaders

 


 * Biden speaks at White House to say that he is seizing $1 billion of assets in the U.S. to stop generals who took power from accessing them 
 * Warned that if they do not hand power back to de facto elected leader Aung San Suu Kyi more sanctions will be imposed 
 * His administration planned to identify specific targets of the sanctions later this week, he said 
 * Military deposed Kyi and other politicians and took them into custody on February 2 

President Joe Biden on Wednesday ordered new sanctions against the military regime in Myanmar, taking action after the military this month staged a coup in the Southeast Asian country and arrested de facto leader Aung San Suu Kyi and other senior politicians.

Biden said he was issuing an executive order that will prevent Myanmar's generals from accessing $1 billion in assets in the United States. Biden added that more measures are to come. 'The military must relinquish power it seized and demonstrate respect for the will of the people of Burma,' Biden said. 

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