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On April 15, 2021, President Joe Biden issued Executive Order 14024, titled the “Executive Order on Blocking Property With Respect to Specified Harmful Foreign Activities of the Government of the Russian Federation,” which authorized new sanctions on Russia for a variety of “malign” activities, including interference in U.S. elections, cyberattacks against the U.S. and violations of the territorial integrity of other countries. On the same day, the Biden administration imposed a range of blocking sanctions against Russian individuals and entities both pursuant to the newly issued executive order and under certain previous executive orders and issued a new directive prohibiting U.S. financial institutions from engaging in certain transactions in Russian government debt.
U S Department of Treasury : Treasury Sanctions Key Timber and Pearl Enterprises in Burma
04/21/2021 | 10:36am EDT
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OFAC Action Impacts Military Regime Sources of Revenue WASHINGTON - Today, the U.S. Department of the Treasury s Office of Foreign Assets Control (OFAC) designated two Burmese state-owned enterprises, Myanma Timber Enterprise (MTE) and Myanmar Pearl Enterprise (MPE), which are responsible for timber and pearl exports from Burma. The timber and pearl industries are key economic resources for the Burmese military regime that is violently repressing pro-democracy protests in the country and that is responsible for the ongoing violent and lethal attacks against the people of Burma, including the killing of children. These sanctions are not directed at the people of Burma.
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