Biden to slap new sanctions on Myanmar after coup
Biden said the executive order would enable his administration "to immediately sanction the military leaders who directed the coup, their business interests as well as close family members."
While neither Biden nor the Treasury Department specified who would be hit by the sanctions or how, the president promised controls on exports and to prevent the generals from accessing $1 billion of Burmese government funds held in the United States.
State Department spokesman Ned Price said on Wednesday the specifics of the new sanctions would be spelled out this week.
"We will identify a first round of targets this week, and we're also going to impose strong exports controls," Biden said.
"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."
