Biden Sanctions and Export Control Developments in First 50 Days natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.
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The Biden Administration has been quick to respond to the
unfolding situation in Myanmar (also known Burma): a day after the
military, known as the Tatmadaw, seized control of the
country s government, the State Department declared the actions a coup d état,
resulting in a cutoff of many categories of foreign assistance.
Other sanctions followed soon after. As a result, both new economic
sanctions and export controls restrict-currently only in targeted
ways-US trade with Burma.
New Sanctions
In particular, on February 11, 2021, President Biden signed Executive Order on Blocking Property with Respect
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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.
U.S. Sanctions Two More Burmese Officials for Violence
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In response to peaceful protests against the February 1 military coup, Burmese security forces opened fire February 20 in Mandalay, killing two and injuring dozens. Two others have been killed in crackdowns by the military.
In response to the military junta’s brutal suppression of demonstrators, the United States designated two additional individuals from the Burmese military regime: State Administrative Council members Maung Maung Kyaw and Moe Myint Tun. The sanctions block any property or interests in property of the two individuals that is within U.S. jurisdiction and prohibits U.S. persons from engaging in transactions with them.