US News: WASHINGTON: The US on Thursday slapped sanctions on 10 current and former military officers and three entities in Myanmar who led the recent coup agai.
The US on Thursday slapped sanctions on 10 current and former military officers and three entities in Myanmar who led the recent coup against the democratically elected government and detained its leaders Aung San Suu Kyi and Win Myint. Six of the individuals are part of the National Defense and Security Council and were directly involved in the coup Commander-in-Chief of the Burmese military forces Min Aung Hlaing, Deputy Commander-in-Chief Soe Win, First Vice President and retired Lieutenant General Myint Swe, Lieutenant General Sein Win, Lieutenant General Soe Htut, and Lieutenant General Ye Aung. The four others slapped with sanctions are General Mya Tun Oo who was appointed Minister of Defense, Admiral Tin Aung San who was appointed Minister for Transport and Communications, Lieutenant General Ye Win Oo who was appointed Joint Secretary of the State Administration Council (SAC), and Lieutenant General Aung Lin Dwe who was appointed Secretary of the SAC.
The US on Thursday slapped sanctions on 10 current and former military officers and three entities in Myanmar who led the recent coup against the democratically elected government and detained its leaders Aung San Suu Kyi and Win Myint. Six of the individuals are part of the National Defense
The Department of Commerce’s Bureau of Industry and Security (BIS) implemented a series of restrictions on exports of sensitive items to Burma’s Ministry of Defense, the Ministry of Home Affairs, armed forces, and security services in response to the Burmese military’s actions to overthrow the democratically elected civilian government of Burma.
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On January 13, 2021, President Trump amended the November 12, 2020, Executive Order (EO) 13959 providing greater clarity to the scope of the EO’s ban on trading and investing in certain designated publicly traded securities of “Communist Chinese military companies” (CCMCs). The ban became effective January 11, 2021, but the amended EO, guidance and general licenses issued by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) add greater clarity on the ban and provide important carve-outs or caveats to its scope. Investors and holders of covered securities should take careful note of these latest developments and anticipate that we will see further guidance, clarifications and possible licenses related to the EO in the coming days and weeks.