BANGKOK — Thai banks have become the main supplier of international financial services for Myanmar’s military government, enabling its purchases of goods and equipment used to carry out itsThe report by Tom Andrews, the U.N.
“The good news is that the junta is increasingly isolated,” Andrews said in a statement. “The Myanmar military’s annual procurement of weapons and military supplies through the formal banking system declined by a third from the year ending March 2023 to the year that followed — from $377 million to $253 million.”
After that report was presented and its findings investigated by the Singaporean government, “the flow of weapons and related materials to Myanmar from Singapore-registered companies dropped by nearly 90%,” the new report says. “Many SAC purchases previously made from Singapore-based entities, including parts for Mi-17 and Mi-35 helicopters used to conduct airstrikes on civilian targets, are now being sourced from Thailand,” it says.