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Waters Urges Administration to Target Burma Military Junta’s Access to Oil and Gas Revenues

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Janet Yellen, Secretary of the U.S. Department of Treasury, urging the Administration to impose immediate sanctions on Burma’s state-owned energy firm, the Myanmar Oil and Gas Enterprise, in order to prevent the military junta from accessing hundreds of millions of dollars in gas revenues. 

“I commend the Administration's swift response to the coup and its targeted use of sanctions aimed at interrupting foreign revenue flows that are critical to the military’s ability to maintain operations, including the purchase of arms, equipment, and fuel,” wrote Chairwoman Waters. “I urge the Department of Treasury to move expeditiously and use its authorities to limit the junta’s access to revenue flowing from Burma’s oil and gas industry—the government of Burma’s largest source of foreign exchange—by placing sanctions on the state-owned Myanmar Oil and Gas Enterprise (MOGE), which is now under military control.” 

See the full text of the letter

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