Biden said that he was issuing an executive order that will prevent Myanmar's generals from accessing $1 billion in assets in the United States. Biden added that more measures are to come. “The military must relinquish power it seized and demonstrate respect for the will of the people of Burma,” Biden said.
As Biden said, the new sanctions will allow his administration to freeze US assets that will benefit Myanmar's military leaders while balancing support for health care programs, civil society groups and other areas that benefit the nation's people. He said the administration planned to identify specific targets of the sanctions later this week.
“The people of Burma are making their voices heard, and the world is watching,” Biden said. “We'll be ready to impose additional measures and we'll continue to work with our international partners to urge other nations to join us in these efforts.”
It remains to be seen what, if any, impact the US action will have on Myanmar's military regime. Many of the military leaders are already under sanctions because of attacks against the Muslim Rohingya minority.