US ramps up sanctions on Myanmar following military coup

After formally designating the military takeover in Myanmar as a coup d'état, the US Biden administration took multiple steps to put pressure on the military to reverse course.

In addition to imposing financial sanctions on ten military leaders and three military-owned companies, the US diverted US$42 million in US foreign assistance from programs that benefit the government to those that "support and strengthen civil society". The US further reimposed export restrictions and froze US$1.0 billion of the Myanmar military's assets held in the US.

The Biden administration signaled that it would work with other "like-minded partners and allies" to put additional pressure on Myanmar and warned that further action would be taken if the peaceful protests encountered additional violence.

News article - ABC News