US targets Myanmar with new sanctions ahead of coup anniversary

By Simon Lewis and Daphné Psaledakis

WASHINGTON (Reuters) – The United States imposed new sanctions on Myanmar on Wednesday, marking the third anniversary of the coup, as Washington targeted two entities it said were closely associated to the junta.

Wednesday’s sanctions are the latest targeting fuel used by the junta to carry out aerial bombardments in its war against anti-coup forces that have often targeted civilians, as well as the military’s ability to produce weapons.

The US Treasury Department said in a statement it targeted the Shwe Byain Phyu group of companies, its owner Thein Win Zaw, his wife and two adult children.

The Treasury said the company imports and distributes oil for the military and has a profit-sharing relationship with military conglomerate Myanmar Economic Holdings Ltd., on which Washington imposed sanctions in 2021.

Washington has also targeted MEHL-owned shipping company Myanmar Five Star Line, which it says ships equipment for domestic production of weapons for the military.

(Reporting by Daphne Psaledakis; editing by Chizu Nomiyama)

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