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.
In response to the coup in Burma, President Joe Biden issued an Executive Order Blocking Property With Respect to the Situation in Burma, authorizing sanctions in connection with the coup.
»US Slaps Sanctions on 10 Current and Ex-Military Officers, 3 Entities Who Led Coup in Myanmar
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US Slaps Sanctions on 10 Current and Ex-Military Officers, 3 Entities Who Led Coup in Myanmar
A protester holds a placard with an image of Myanmar military Commander-in-Chief Senior Gen. Min Aung Hlaing and Justice For Myanmar (AP Photo)
The US Department of Commerce is also taking immediate action to limit exports of sensitive goods to the Burmese military and other entities associated with the recent coup.
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Washington: 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.