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What is the main source of foreign-currency revenue for the junta in Myanmar?

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_x000D_Screenshot: href=”https://www.youtube.com/watch?v=4xi80OEutvM”>Reuters – YouTube

What is the main source of foreign-currency revenue for the junta in Myanmar?

The oil and gas industry is the major source of foreign currency revenue for the Myanmar junta. The national oil and gas company Myanma Oil and Gas Enterprise (MOGE) collects taxes and royalties on gas field projects, ensuring a huge share of profits for the junta. In the six months before Mar. 31, 2022, the junta got $1.72bn from the oil and gas industry. The US, UK, Australia, and Canada announced Myanmar sanctions on Jan. 31, 2023. However, they didn’t sanction MOGE. The EU banned European companies from working in Myanmar’s oil and gas fields in February 2022._x000D_the military seized power in Myanmar. According to the Assistance Association for Political Prisoners, almost 2,940 people have died in the country. The UN special rapporteur on Myanmar says the junta commits war crimes and crimes against humanity daily.

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