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Myanmar Crisis

US hits Myanmar junta with $1bn asset freeze and other sanctions

Biden administration engages with allies for global response

U.S. President Joe Biden delivers remarks on the political situation in Myanmar at the White House.   © Reuters

NEW YORK -- The U.S. has taken new steps to prevent the generals behind the coup in Myanmar from accessing government funds held in America and impose other sanctions on military leaders, President Joe Biden said Wednesday.

"Today, I again call on the Burmese military to immediately release democratic political leaders and activists," Biden said, referring to Myanmar's former name, Burma. "The military must relinquish power seized and demonstrate respect for the will of the people of Burma, as expressed in their Nov. 8 election."

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