Myanmar coup: Biden freeze $1bn Burmese Govt fund in America

The United States President, Joe Biden has frozen the Burmese Government fund held in America over the military coup and the arrest of democratic political leaders and activists in Myanmar.

He made the decision recently on the Biden’s administration response to the coup in Burma, President Biden said the assault on Burma’s transition to democracy remains an issue of deep bipartisan concern. According to him, “We’ve consulted at length, for example, with Senator McConnell, who’s had a very keen interest in this, and his team.  And we welcomed their helpful insights.

We’ve also been in close contact with our allies and partners around the world, particularly in the Indo-Pacific region, driving vigorous diplomatic outreach to help coordinate an international response to what happened”, he said.  Biden called on the Burmese military to immediately release the democratic political leaders, activists and that they’re now detaining, including Aung San Suu Kyi.  “And she is and also Win Myint, the President.

“The military must relinquish the power it seized and demonstrate respect for the will of the people of Burma as expressed in their November 8th election”, the President said. He approved a new executive order. “A new executive order enabling us to immediately sanction the military leaders who directed the coup, their business interests, as well as close family members.

“We’re also going to impose strong export controls.  And we’re freezing U.S. assets that benefit the Burmese government, while maintaining our support for healthcare, civil society groups, and other areas that benefit the people of Burma directly”.

On Myanmar protest, Biden further said violence against those asserting their democratic rights is unacceptable. “We’re going to keep calling it out.  The people of Burma are making their voices heard and the world is watching”.

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