Myanmar’s central bank denied a UN report that the country’s military government can still access money and weapons for its war against anti-coup forces, saying financial institutions under the bank’s supervision followed prescribed procedures.
The Central Bank of Myanmar “expressed our strong objection to the UN Special Rapporteur’s report,” it said in a statement published in a junta newspaper on Saturday. “The UN report severely harms the interests of Myanmar civilians and the relationship between Myanmar and other countries.”
The rapporteur on Myanmar’s human rights, Tom Andrews, reported on Wednesday that while international efforts to isolate the junta appear to have dented its ability to buy military equipment, it still imported $253 million worth of weapons, dual-use technologies, manufacturing equipment and other materials in the 12 months to March.
The report said Myanmar had the help of international banks, including those from Southeast Asian neighbor Thailand, for its purchases.
Facing its biggest challenge since its 2021 coup against Nobel laureate Aung San Suu Kyi’s government, Myanmar’s military is caught up in multiple, low-intensity conflicts and grappling to stabilize a crumbling economy.
Western countries have imposed multiple financial sanctions on Myanmar’s military, banks and associated businesses.
The central bank said local and international banks engaged in transactions with Myanmar have undergone comprehensive due diligence measures for all business relationships and transactions.
“The financial transactions are only for the importation of essential goods and basic necessities for Myanmar civilians, such as medicines and medical supplies, agricultural and livestock supplies, fertilizers, edible oil and fuels,” it said.
The UN report said exports from Singapore had plunged to just over $10 million from over $110 million in 2022 but that Thai companies in Thailand partially filled the gap, transferring $120 million worth of weapons and materials in 2023, double from the previous year.
Thailand’s foreign ministry said in a statement on Thursday that the country’s banking and financial institutions follow protocols like other major financial hubs, adding the government will look into the UN rapporteur’s report.
Myanmar central bank denies UN report on weapons transactions
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Myanmar central bank denies UN report on weapons transactions
Trump discussing how to acquire Greenland; US military always an option, White House says
- Greenland has repeatedly said it does not want to be part of the United States
- Strong statements in support of Greenland from NATO leaders have not deterred Trump
WASHINGTON: US President Donald Trump and his team are discussing options for acquiring Greenland and the use of the US military in furtherance of the goal is “always an option,” the White House said on Tuesday.
Trump’s ambition of acquiring Greenland as a strategic US hub in the Arctic, where there is growing interest from Russia and China, has been revived in recent days in the wake of the US arrest of Venezuelan President Nicolas Maduro. Greenland has repeatedly said it does not want to be part of the United States.
The White House said in a statement in response to queries from Reuters that Trump sees acquiring Greenland as a US national security priority necessary to “deter our adversaries in the Arctic region.”
“The president and his team are discussing a range of options to pursue this important foreign policy goal, and of course, utilizing the US military is always an option at the commander-in-chief’s disposal,” the White House said.
A senior US official said discussions about ways to acquire Greenland are active in the Oval Office and that advisers are discussing a variety of options.
Strong statements in support of Greenland from NATO leaders have not deterred Trump, the official said.
“It’s not going away,” the official said about the president’s drive to acquire Greenland during his remaining three years in office.
The official, speaking on condition of anonymity, said options include the outright US purchase of Greenland or forming a Compact of Free Association with the territory. A COFA agreement would stop short of Trump’s ambition to make the island of 57,000 people a part of the US.
A potential purchase price was not provided.
“Diplomacy is always the president’s first option with anything, and dealmaking. He loves deals. So if a good deal can be struck to acquire Greenland, that would definitely be his first instinct,” the official said.
Administration officials argue the island is crucial to the US due to its deposits of minerals with important high-tech and military applications. These resources remain untapped due to labor shortages, scarce infrastructure and other challenges.
Leaders from major European powers and Canada rallied behind Greenland on Tuesday, saying the Arctic island belongs to its people.
