The US sanctioned selling fuel oil for aircraft to Myanmar will soon become more apparent when it runs out of aircraft. Now, not only have the 2 cronies taken over by PUMA, a large international company, been named, but their 3 companies have also been closed. It doesn’t matter that close. We have to think that other cronies will bring them in as well. But now it’s not that simple. They have announced that they will take action against anyone who deals with Myanmar and sells aircraft fuel (both civilian and military) if they sell both. This process is unique.
It’s not just buying and selling oil anymore, but all the companies of the entire black market involved in the whole process. Intermediary brokerage companies that will be used for transaction payment, Banks that transfer money, shipping companies that transport oil, Banks that will pay shipping companies, Insurance companies, which are essential when transporting by ships, and port operating companies that allow stopping if necessary to stop along the way, etc., will all be included.
At that time, we will continue to see if we can overcome.