Category

Sanctions Targeting Myanmar

Category

On 1 April 2021, the UK government announced additional measures targeting the Myanmar regime’s economic interests. Further to the 25 March 2021 announcement targeting Myanmar Economic Holdings Ltd (MEHL), the UK has added Myanmar Economic Corporation (MEC) to its Global Human Rights sanctions regime. The UK cited credible evidence that MEC had contributed funds to the Myanmar military who have allegedly committed widespread human rights violations in Myanmar. The sanctions impose an asset freeze against…

On 25 March 2021, the UK Government announced further measures targeting the Myanmar regime, adding Myanmar Economic Holdings Public Company Ltd (MEHL) to the Global Human Rights financial sanctions regime for its alleged involvement in human rights violations against the Rohingya. MEHL has been added to the UK Sanctions List and to the Office of Financial Sanctions Implementation’s consolidated list of financial sanctions targets. The UK also named 40 of MEHL’s subsidiaries in its Sanctions List,…

Further to our previous blog post, the EU has responded to the recent military coup in Myanmar with restrictive measures on eleven individuals. This adds to pre-existing restrictive measures that have been in place since April 2018, as detailed in our previous blog post. These measures included an embargo on arms and equipment that can be used for internal repression, an export ban of dual use goods for use by the military and border guard…

The EU is reportedly set to approve its first round of sanctions against officials responsible for the military coup in Myanmar on 22 March 2021. French Foreign Minister Jean-Yves Le Drian confirmed this was on the agenda at the next meeting of the EU Foreign Affairs Council whilst addressing the French Senate earlier this week. Whilst technical discussions are being finalised in Brussels, it is understood that the measures will target companies “generating revenue for,…