The United States has implemented sanctions on Myanmar’s defense ministry and two banks used by the ruling military junta to purchase arms and other goods from foreign sources. The U.S. Treasury Department accused the military of relying on foreign sources, including Russian entities under sanctions, to support its “brutal repression.” The defense ministry has imported goods and materials worth at least $1 billion since the 2021 coup, according to Washington. The State-owned Myanmar Foreign Trade Bank and Myanma Investment and Commercial Bank were also targeted with sanctions for allowing revenue-generating state-owned enterprises access to international markets. The sanctions could impact the junta’s ability to fund its warfare against ethnic groups and insurgencies.
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