Thursday, March 11, 2021
On February 1, 2021, the Myanmar military overthrew the country’s democratically elected government and installed an army general as head of state, with a cadre of military officials and their allies running the government.
On February 10, 2021, in response to the Myanmar military coup, President Biden issued Executive Order 14014 entitled, “Blocking Property With Respect to the Situation in Burma” (E.O. 14014 or the E.O.).
[1] That E.O. targets members of the Myanmar military and government, and threatens sanctions on parties that provide support to persons and entities sanctioned under the E.O.
On March 8, 2021, the U.S. Department of Commerce, Bureau of Industry and Security (BIS) added four Myanmar entities to the U.S. Entity List. BIS also moved Myanmar from Country Group B, subject to lesser export controls, to Country Group D:1, subject to significant export restrictions. Finally BIS imposed Military End User restrictions on Mya
U S Imposes Sanctions Measures Targeting Myanmar Military Government | Sheppard Mullin Richter & Hampton LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
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On February 1, 2021, the Burmese military announced that it had seized control of the country from the country s democratically elected government.
1 In response to the coup, the US has so far designated 12 individuals and three entities and imposed restrictions on certain exports. Allied governments, including the European Union, the United Kingdom and Canada, either have promulgated their own sanctions or are considering doing so. The US has signaled that it is preparing additional measures targeting the individuals responsible for the coup and ensuing violence. Given the Burmese military s pervasive presence in Burma s economy, companies are advised, as a matter of priority, to assess their commercial ties with Burma.
US Sanctions Block Myanmar s Gemstone Exports February 17, 21 by John Jeffay
(IDEX Online) - US President Joe Biden has blacklisted three gemstone companies in Myanmar because of their links with military regime that ousted state counsellor Aung San Suu Kyi as leader earlier this month.
The country produces 90 per cent of the world s high-end rubies, many of its most expensive sapphires, a
nd it supplies China with much of its jade.
Sanctions now prohibit Myanmar Ruby Enterprise, Myanmar Imperial Jade Co. Ltd., a
nd Cancri Gems & Jewellery Co. Ltd from doing any business in the US o
r with US companies.
美 쿠데타 제재 단행에도… 미얀마 군부 권력 다지기 hankookilbo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hankookilbo.com Daily Mail and Mail on Sunday newspapers.