The US is weighing sanctions on Myanmar’s state-owned oil and gas company to choke funding to the nation’s military regime, according to people with direct knowledge of the matter, a move that risks hitting American allies involved in the sector.
The Biden administration is still assessing the extent of any measures against Myanma Oil and Gas Enterprise, or MOGE, as companies from allies Thailand and South Korea have interests in energy projects in the Southeast Asian nation, said the people, who asked not to be identified, citing rules against talking to the media.
The US is also concerned that ...