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Bush unveils new Burma sanctions | Bush unveils new Burma sanctions |
(40 minutes later) | |
US President George W Bush has announced fresh sanctions against the military regime in Burma. | US President George W Bush has announced fresh sanctions against the military regime in Burma. |
He said he had ordered the US Treasury to freeze the assets of state-owned firms in Burma "that are major sources of funds that prop up the junta". | He said he had ordered the US Treasury to freeze the assets of state-owned firms in Burma "that are major sources of funds that prop up the junta". |
Last October, Mr Bush asked the treasury to freeze the financial assets of members of the military regime. | Last October, Mr Bush asked the treasury to freeze the financial assets of members of the military regime. |
The move followed a violent suppression of anti-government protests in Burma (Myanmar) led by Buddhist monks. | The move followed a violent suppression of anti-government protests in Burma (Myanmar) led by Buddhist monks. |
Failed sanctions? | |
In Washington, Mr Bush said his executive order targeted "companies in industries such as gems and timber that exploit the labour of the downtrodden Burmese people but enrich only the generals". | In Washington, Mr Bush said his executive order targeted "companies in industries such as gems and timber that exploit the labour of the downtrodden Burmese people but enrich only the generals". |
"I'm sending yet another clear message that we expect there to be change, that we expect these generals to honour the will of the people," he said. | "I'm sending yet another clear message that we expect there to be change, that we expect these generals to honour the will of the people," he said. |
The US has already imposed substantial trade, investment and diplomatic sanctions on the regime, freezing assets and imposing visa bans on senior generals and their families. | The US has already imposed substantial trade, investment and diplomatic sanctions on the regime, freezing assets and imposing visa bans on senior generals and their families. |
However, it is not clear what impact such measures will have, with critics arguing sanctions are largely ineffective. | |
In 2007, Washington's Cato Institute estimated that unilateral sanctions imposed by the US between 1970 and 1998 failed almost 90% of the time. | |
Constitutional referendum | |
Earlier this month, Burma's military rulers published their proposed new constitution, which critics say will cement their grip on power and weaken the opposition. | |
General Than Shwe and his colleagues rule the country with an iron fist | |
The junta says it will put the document to a national referendum on 10 May. It has also pledged to hold multi-party elections by 2010. | |
But the Irrawaddy website, which is critical of the junta, says the new rules enshrine the military's dominance of the political system. | |
Even if there are elections, the site says 56 military officers are guaranteed places in the 224-member lower house of parliament. | |
And 110 seats out of 440 in the upper house are reserved for the military. | |
A clause which bars anyone who has been married to a foreign national from holding political office is also drawing criticism. | |
Aung Sang Suu Kyi, the main opposition leader, was married to a British academic and is therefore disqualified. | |
Her party, the National League for Democracy (NLD), won a landslide victory in the country's last elections in 1990 - though the military never allowed them to form a government. |