Responding to a recent written question in the United Kingdom’s House of Lords concerning whether the country would follow the European Union and the United States and sanction Myanmar’s state-owned energy firm, Myanma Oil and Gas Enterprise (MOGE), the UK’s Minister of State, Lord Tariq Ahmad, declined to answer.
“[I]t would be inappropriate to speculate about future sanctions designations as to do so could reduce their impact,” Lord Ahmad claimed in his response to Lord David Alton, the also unelected lifetime peer who had asked the question on February 22.
“We keep all evidence and potential designations under close review,” Lord Ahmad added.
Firms in the EU and the US have been restricted by recent sanctions from doing business with MOGE, which was seized. . .
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