Switzerland Sanctions Myanmar’s National Oil and Gas Company

BREAKING:
Switzerland Sanctions Myanmar’s National Oil and Gas Company

March 11, 2025 (London and Washington DC) – Today, Switzerland imposed sanctions on Myanmar’s national oil and gas company, Myanma Oil and Gas Enterprise (MOGE). Experts at The Sentry are available for interview and analysis.

Oliver Windridge, Director of Illicit Finance Policy at The Sentry, said: “Switzerland’s actions today should be welcomed, as it shuts down another source of finance for the junta. The oil and gas industry is the junta’s biggest source of foreign currency revenue, money that is used to purchase arms and other supplies to perpetrate atrocities against the Myanmar people. Switzerland’s actions today demonstrate the continued need for the international community to target the junta’s finances and maintain pressure on the regime wherever possible.”

Switzerland’s action today implements international sanctions imposed by the EU, United Nations and Organisation for Security and Cooperation in Europe (OSCE) through the Embargo Act.

The Swiss sanctions on MOGE close a loophole that Myanmar’s ruling junta could exploit to generate funds from the oil and gas sector, which finance the junta’s brutal campaign of terror against the Myanmar people.

Official Swiss sanctions imposed today (pdf): https://www.seco.admin.ch/dam/seco/de/dokumente/Aussenwirtschaft/Wirtschaftsbeziehungen/Exportkontrollen/Sanktionen/Verordnungen/Myanmar/myanmar_delta_2025-03-10.pdf.download.pdf/Myanmar_Delta_2025-03-10.pdf

Official details on the Swiss sanctions: https://www.seco.admin.ch/seco/de/home/Aussenwirtschaftspolitik_Wirtschaftliche_Zusammenarbeit/Wirtschaftsbeziehungen/exportkontrollen-und-sanktionen/sanktionen-embargos/sanktionsmassnahmen/massnahmen-gegenueber-myanmar–burma-.html

Statement by The Sentry’s partner Justice for Myanmar, which led a public advocacy campaign pushing for sanctions: https://www.justiceformyanmar.org/press-releases/jfm-welcomes-swiss-sanctions-on-myanma-oil-and-gas-enterprise

For media requests, please contact: Greg Hittelman, Director of Communications, [email protected]

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