New York:US President Joe Biden on Thursday called the "coup" in Myanmar an "extraordinary threat to the national security and foreign policy of the United States" and declared a national emergency to deal with it.
In an executive order to freeze Myanmar's funds in the US, he made the dire assessment of that country's military arresting State Counsellor Aung San Suu Kyi and other leaders of the National League for Democracy this month after the party had won a resounding victory in parliamentary elections last year defeating the military-backed party.
The order implements the sanctions he announced against the military regime of Min Aung Hlaing on Wednesday.
Biden, who referred to the country by its old name of Burma, had said that the US would impose strong exports controls on it and freeze its government assets in the US.
His spokesperson Jan Psaki said the assets were $1 billion.
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The White House said the Treasury Department designated ten persons including Hlaing and three companies, two of which trade in gems, with ties to the military.