President Biden Issues Sanctions Against Myanmar

What Happened:

On Wednesday, President Biden ordered sanctions against the military regime in Myanmar. The military staged a coup in Myanmar on Jan 31 and placed the democratically elected officials under house arrest, claiming the election was fraudulent.
Biden's executive order will prevent Myanmar from accessing $1 billion in assets in the United States. Biden also warned that more measures are to come.
Said Biden, "The military must relinquish power it seized and demonstrate respect for the will of the people..."
There have been multiple protests throughout the nation since the military staged a coup. The protesters do not wish to return to military rule and demand the release and return to power for the democratically elected officials.
Myanmar, which spent five decades under military rule, had recently undergone a democratic transition and elected Aung San Suu Kyi as leader as well as given the majority of the seats in parliament to Kyi's National League for Democracy Party.
In addition to the US, several other countries have condemned the coup saying that the outcome of the recent elections should be respected.

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