WASHINGTON (Reuters): The US on Tuesday (Oct 31) imposed a form of sanctions on Myanma Oil and Gas Enterprise (MOGE), the US Treasury Department said, but stopped short of imposing full blocking sanctions on the ruling junta's main source of foreign revenue.
The action, first reported by Reuters, prohibits certain financial services by Americans to the state oil and gas enterprise starting on Dec 15, the Treasury said in a statement, in the first direct action against the state-owned enterprise. Washington has previously targeted its leadership.
