EU and US Sanctions Updates on Burma/Myanmar
EU renews its sanctions on Burma/Myanmar until 30 April 2017. These measures impose an embargo on providing Burma/Myanmar with arms and goods that might be used for internal repression. Council Decision 2016/627 amends Decision 2013/184/CFSP.
In the US, Office of Foreign Assets Control (OFAC) announced on 17 May 2016 amendments to the Burmese Sanctions Regulations as well as corresponding updates to the SDN List. The amendments were intended to facilitate trade with, and the movement of goods within, Burma, authorize personal transactions related to US persons that reside in Burma, and authorize many transactions involving designated Burmese financial institutions.