World
US to slap new sanctions on Myanmar state-owned banks – sources
The United States plans to levy new restrictions this week to cut off finances to Myanmar’s military junta, according to sources with knowledge of the matter and Thai news outlets.
The Thai reports, published on Tuesday, said Washington would announce new sanctions on Myanmar Foreign Trade Bank and Myanmar Investment and Commercial Bank as early as Wednesday.
Two people with knowledge of the matter told Reuters the reports were accurate. The US Embassy in Thailand said in a statement the United States “continues to look for ways to promote accountability for the coup and related violence, including efforts to block revenue to the regime.”
“Our goal in these designations is to constrain the regime’s access to US dollars and to promote accountability for the regime as it continues committing horrific acts of violence.”
The United States and other Western nations have imposed multiple rounds of sanctions on Myanmar’s military leaders since they seized power in a coup in 2021, overthrowing the democratically elected government led by Aung San Suu Kyi and killing thousands of opponents in a crackdown.
A spokesman for Myanmar’s military junta said it was not worried about any new sanctions.
Zaw Min Tun told the state media channel MWD on Tuesday evening that the country has experienced sanctions before and they will not face losses if there are new sanctions on Myanmar state-owned banks.
He said the United States was “just doing this to cause difficulties in economics and politics”.
“These kinds of things will cause unnecessary delays while we walk towards the multi-party democratic system.”
One of the Thai media reports, by Bangkok Business News, cited Thai sources as saying the sanctions would impact Thailand and other countries in the region financially because of connections with local banks.
The US embassy said it had regular conversations with the Thai government on Myanmar including how to “mitigate the potential impact of any sanctions on Thailand or other countries.”
Thailand’s outgoing military-backed government earlier this week hosted controversial talks aimed at re-engaging with Myanmar’s military, saying dialogue was necessary to protect its border with the strife-torn country, even as top diplomats of key Southeast Asian neighbours continued to shun the junta.
Critics said the meeting in Pattaya had undermined a unified ASEAN approach to the Myanmar crisis, centred on a peace plan agreed with the junta two years ago. But Thai Prime Minister Prayuth Chan-ocha, who had himself seized power in a coup in 2014, said direct talks were necessary to protect Thailand.
World
Shooting, explosions in Jenin as Israel presses raid
Gunfire and explosions rocked the Jenin area of the occupied West Bank on Wednesday, an AFP journalist reported, as the Israeli military kept up a large-scale raid for a second day.
The operation, launched just days after a ceasefire paused more than a year of fighting in Gaza, has left at least 10 Palestinians dead, according to Palestinian health authorities.
Israeli officials have said the raid is part of a broader campaign against militants in the West Bank, citing thousands of attack attempts since the Gaza war erupted in October 2023.
“The situation is very difficult,” Jenin governor Kamal Abu al-Rub told AFP.
“The occupation army has bulldozed all the roads leading to Jenin camp and to the Jenin government hospital… There is shooting and explosions,” he added, referring to the Israeli military.
Israeli forces have detained around 20 people from villages around Jenin since the operation began on Tuesday, the official said.
An AFP correspondent reported hearing gunfire and explosions from the northern city’s refugee camp, a hotbed of militancy where Israeli forces have carried out repeated raids.
In December, Jenin area militants also clashed with the security forces of the Ramallah-based Palestinian Authority.
‘IRON WALL’
The Israeli military said it was continuing with the operation, dubbed “Iron Wall”, adding that it had “neutralised over 10 terrorists”.
“Additionally, aerial strikes on terror infrastructure sites were conducted and numerous explosives planted on the routes by the terrorists were dismantled,” it said in a statement.
The raid in Jenin aims to counter “hundreds of terrorist attacks, both in Judea and Samaria (the occupied West Bank) and the rest of Israel,” military spokesman Nadav Shoshani said at a press briefing.
He said that since the start of the Gaza war, Israel had seen “over 2,000 terror attack attempts” from the West Bank, adding that the army had “eliminated around 800 terrorists”.
Shoshani said the explosive devices planted along roads had recently killed a soldier in the area.
Islamic Jihad, one of the factions present in Jenin, condemned what it called “the systematic displacement, destruction and killing carried out by the occupation army against Jenin refugee camp”.
The Palestinian Authority’s foreign ministry accused Israel of “collective punishment” and said the raid was part of an Israeli plan aimed at “gradually annexing the occupied West Bank”.
‘DECISIVE OPERATION’
Defence Minister Israel Katz vowed to continue the raid in Jenin.
“It is a decisive operation aimed at eliminating terrorists in the camp,” Katz said in a statement on Wednesday, adding that the military would not allow a “terror front” to be established there.
“It is a key lesson learnt from Gaza… we do not want terrorism to recur in the camp once the operation ends,” he said.
Prime Minister Benjamin Netanyahu said the raid aimed to “eradicate terrorism” in Jenin.
He linked the operation to a broader strategy of countering Iran “wherever it sends its arms — in Gaza, Lebanon, Syria, Yemen” and the West Bank.
The Israeli government has accused Iran, which supports armed groups across the Middle East, including Hamas in Gaza, of attempting to funnel weapons and funds to militants in the West Bank.
United Nations Secretary-General Antonio Guterres called for “maximum restraint” from Israeli security forces and expressed deep concern, deputy spokesman Farhan Haq said.
Violence has surged throughout the occupied West Bank since the Gaza war erupted on October 7, 2023.
According to the Palestinian health ministry, Israeli troops or settlers have killed at least 848 Palestinians in the West Bank since the conflict began.
During the same period, at least 29 Israelis, including soldiers, have been killed in Palestinian attacks or Israeli military operations in the territory, according to Israeli official figures.
World
Saudi Arabia plans 600bn dollars in new US investment, trade over four years
Saudi Arabia Crown Prince and Prime Minister Mohammed bin Salman told President Donald Trump that the kingdom wants to put $600 billion into expanded investment and trade with the United States over the next four years, the Saudi State news agency said early on Thursday.
The crown prince expressed it during a phone call with Trump, who took oath for his second term on January 20.
During the call, the crown prince conveyed the congratulations of King Salman bin Abdulaziz Al Saud and his own congratulations to the President on the occasion of his inauguration, and wished the friendly American people more progress and prosperity under the President’s leadership.
The two leaders discussed ways for cooperation between the Kingdom and the US to promote peace, security and stability in the Middle East, in addition to enhancing bilateral cooperation to combat terrorism.
The leaders also discussed ways to enhance bilateral ties in various areas, and the crown prince noted the US administration’s ability to create unprecedented economic prosperity and opportunity through anticipated reforms in the United States, and that the Kingdom seeks to participate in these opportunities for partnership and investment.
The US president expressed his appreciation and thanked the Saudi leadership for their congratulations, and affirmed his keenness to work with the Kingdom on all that benefits the interests of both countries.
Trump said following his inauguration on Monday that he would consider making Saudi Arabia his first destination for a foreign visit if Riyadh agreed to buy $500 billion worth of American products, similar to what he did in his first term.
“I did it with Saudi Arabia last time because they agreed to buy $450 billion worth of our product. I said I’ll do it but you have to buy American product, and they agreed to do that,” Trump said, referring to his 2017 visit to the Gulf kingdom.
World
US decision to cancel Afghan refugee resettlement exposes Western hypocrisy
An executive order by US President Donald Trump to suspend resettlement of all refugees, including Afghans, for an indefinite period is being seen as a betrayal of those who supported the International Security Assistance Force (ISAF) and NATO in Afghanistan.
Nearly 1,660 Afghans cleared by the US government to resettle in the US, including family members of active-duty US military personnel, are in limbo since the Trump-led administration took extreme decision.
The order has left them stranded while it is expecting from Pakistan, which has hosted millions of Afghans for decades on humanitarian grounds, to share the burden again.
Instead of easing the burden, the US ban has only intensified challenges for Pakistan and other neighbouring host countries.
Furthermore, the western countries, which have been criticising Pakistan for repatriation of illegal immigrants, are refusing to accept refugees by giving lame excuses, abandoning Afghan refugees when they need help the most.
The Human Rights Watch (HRW), the Amnesty International and the EU keep an eye on Pakistan’s policies while there is no focus on the hypocrisy being showed by the Western countries by banning refugees after using them as pawns.
The international community must hold the US and EU accountable for their bans and pressure them to contribute fairly to managing the Afghan refugee crisis.
Trump made an immigration crackdown a major promise of his victorious 2024 election campaign, leaving the fate of US refugee programmes up in the air.
The State Department on Wednesday implemented the order, announcing that all refugee arrivals were indefinitely suspended, all previously scheduled travel cancelled and new refugee applications, as well those in process, were suspended.
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