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The Interim National Unity Government of Myanmar has warned foreign banks not to grant military loans to General Min Aung Hlaing, stating that they will not recognize the debt once they regain power.
The warning was issued by the Minister of Finance of India. Parallel government Composed of supporters of the country’s overthrown leader Aung San Suu Kyi (Aung San Suu Kyi). He said that financial institutions should follow foreign investors to boycott military regimes.
In an internal video interview with Myanmar, Tindunnanin told the British Financial Times: “The government army will not recognize any domestic or international debts raised by the military government.”
“If the military is caught in a credit crunch, if they borrow from a willing lender, then when NUG comes to power, the debt will not be honored.”
Ding Dunning also said that the parallel government is seeking to adopt Control 1 billion dollars After the military seized power, Washington froze part of the Burmese government funds held in the United States.
Tin Tun Naing said: “If we can use the $1 billion, if it is not frozen, it will have a huge impact on humanitarian assistance and attempts to rebuild the lives and livelihoods of our people.”
However, he acknowledged that this is a “legally complex area” and is part of an “ongoing dialogue” with US officials.
NUG was established in April by members of the Suu Kyi National League for Democracy. Forced to step down In the February coup, as well as ethnic minorities and other anti-coup figures hid or exiled.
The military government labeled NUG and its recently announced “People’s Defense Forces” as terrorist organizations. It has issued an arrest warrant for the Minister of NUG.
No foreign government officially recognizes a parallel government. However, members of parliament and officials from some countries have contacted their representatives in the process of seeking solutions to Myanmar’s deepening political and economic crisis.
More than three months after the coup, the military government Killed 785 people According to the Association for the Assistance of Political Prisoners, nearly 5,000 people were arrested. Despite being suppressed, Civil disobedience movement Protests and strikes continued, aimed at weakening the military government and weakening banks and businesses.
“They underestimated the people,” Tian Tun Nanin told the Financial Times. “They didn’t expect the people would reject them so strongly.”
He said the military government “is already experiencing mobility issues” and has delayed quarterly pension payments and benefits for the elderly and disabled.
Opponents of the regime and international human rights organizations want international companies to deprive the military government of all revenue to force them to lose power.
They successfully put pressure on foreign investors, including Japan. Do it And Korean Pohang Steelers, Withdraw from joint ventures with military-controlled joint ventures.
NUG also wants Oil and gas And telecommunications companies withhold taxes, licenses, and other payments from the military government by placing them in custody. The two companies pointed out that doing so would put local employees at risk of being sued and endanger their services.
Tin Tun Naing said: “NUG is good for business and has no intention of disrupting the business of these companies.” “I am not going to stop their actions.”
However, he rejected the notion that the two companies would face legal consequences by keeping their payments to the government in the custodian. He said: “The military will think twice about powerful multinational companies with powerful governments.”
Follow John Reed on Twitter: @JohnReedwrites
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