By Nway / MPA
Justice For Myanmar (JFM), an activist group investigating the financial networks of Myanmar’s military, has called on Switzerland to impose sanctions on the junta-controlled Myanmar Oil and Gas Enterprise.
JFM stated that more than three years after the European Union (EU) imposed sanctions on Myanmar’s state-owned Myanmar Oil and Gas Enterprise (MOGE), Switzerland has yet to take similar action.
Ma Yadanar Maung, spokesperson for JFM, said, “Switzerland’s failure to sanction MOGE for over three years has created a dangerous loophole.”
“This loophole not only weakens the sanctions imposed by the EU and the United States but also signals to Swiss companies that they can continue operating in Myanmar’s oil and gas sector without consequences,” she explained.
She further emphasized that the military junta is using gas revenues to purchase weapons and jet fuel, enabling its mass killings and indiscriminate airstrikes against civilians.
“Switzerland must close this loophole by fully implementing EU sanctions,” she urged.
JFM pointed out that Switzerland’s inaction has allowed Swiss companies to continue engaging in Myanmar’s oil and gas sector while enabling MOGE and its partners to access the Swiss financial system—undermining the effectiveness of EU sanctions.
The oil and gas sector remains the junta’s largest source of foreign revenue, funding its purchase of weapons, jet fuel, and other supplies essential for committing war crimes and crimes against humanity.
JFM also revealed that the Myanmar Foreign Trade Bank, which is currently under the junta’s control and facilitates MOGE’s international transactions, maintains correspondent banking relationships in Switzerland.
