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US blocks assets of 824 million euros from coup generals in Burma

Joe Biden, President of the United States, this Wednesday announced new sanctions against the generals responsible for the coup d’état in Burma (now Myanmar), including blocking access to assets valued at $ 1,000 million (€ 824 million).

“We will freeze assets in the US that benefit the Burmese government, while maintaining our support for healthcare, civil society groups and other sectors that directly benefit the Burmese people”, Biden said at a press conference at the White House, in which he announced sanctions.

The presidential order, he said, will prevent Burmese generals from accessing assets in the United States, worth about 824 million euros.

According to the American president, further sanctions will follow, targeting the coup d’état who arrested Burma’s main civil leader in early February, Aung San Suu Kyi, President Win Myint and several government party ministers and leaders, proclaiming the state of emergency, for a period of one year.

“We will identify this week a first package of sanctions and we will also impose strong export controls (…) The military must leave the power they have taken and show respect for the will of the people of Burma”, avisou Biden.

The military accused the electoral commission of failing to remedy the “huge irregularities,” which they said occurred during the November legislative elections, overwhelmingly won by Aung San Suu Kyi’s party, the National League for Democracy (NLD). in English), in power since 2015.

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