The United States has imposed sanctions on Myanmar's Ministry of Defense over the military regime's brutal tactics to consolidate power and repress its people.
Department of the Treasury's Office of Foreign Assets Control (OFAC) has also designated two financial institutions controlled by the military regime.
Myanma Foreign Trade Bank (MFTB) and Myanma Investment and Commercial Bank facilitate much of the foreign currency exchange within the country and enable transactions between the military regime and foreign markets, including for the purchase and import of arms and related materiel.
For comments and feedback contact: editorial@rttnews.com
Political News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.