Oil and gas sanctions are a source of vulnerability to the Myanmar military. Yes, we have done a lot of sanctions from Canada, many of them symbolic, but Myanma Oil and Gas Enterprise alone has a revenue of $1.5 billion. It is the single source of income, of foreign exchange income, for the Myanmar military. The EU already sanctions Myanma Oil and Gas Enterprise, but as my fellow witnesses say, it has to be coordinated. They're using different loopholes. Canada, the U.S. and the EU should have sanctions against Myanma Oil and Gas.
On June 6th, 2023. See this statement in context.