Burma (Myanmar)

Information as of: 31st August 2021

Latest Updates
UN
US EO 14014 wef 10 Feb 2021 imposes asset freezes and travel bans on any designated individuals and entities responsible for unjustly arresting and detaining government leaders, politicians, human rights defenders, journalists, and religious leaders; rejecting the will of the people of Burma as expressed in elections held in November 2020; and undermining the country’s democratic transition and the rule of law. Several designations were made on 11 Feb 2021. On the 28 May 2021 OFAC issued the Burma Sanctions Regulations to implement Executive Order 14014 “Blocking Property with Respect to the Situation in Burma”. The Regulations will enter into force on 1 June 2021. It is noted that OFAC intends to publish a more comprehensive set of regulations, including additional interpretive and definitional guidance, general licences and other regulatory provisions, in due course.
EU
UK

On the 29 Apr 2021 OFSI introduced The Myanmar (Sanctions) Regulations 2021 to ensure UK sanctions relating to Myanmar were implemented effectively, as well as expanding the criteria to allow for the designation of people and entities it deemed to be involved in the  undermining of Myanmar democracy and rule of law. The Regulations replace and revoke the Burma (Sanctions) (EU Exit) Regulations 2019.


Financial/Other Sanctions
UN No
US EO 14014 wef 10 Feb 2021
EU EU 2013/184/CFSP & EU 401/2013 & CFSP 2018/655 & CFSP 2019/678 & CFSP 2020/563 & (CFSP) 2021/482(CFSP) 2021/711
UK The Burma (Sanctions) (EU Exit) Regulations 2019 wef: 31 Dec 2020; revoked Apr 2021 and replaced with The Myanmar (Sanctions) Regulations2021
Arms Embargo
UN No
US Yes. In effect since 1993.
EU EU 2013/184/CFSP & EU 401/2013 & CFSP 2018/655 & CFSP 2019/678 & CFSP 2020/563
UK
 The Burma (Sanctions) (EU Exit) Regulations 2019 wef: 31 Dec 2020; revoked in Apr 2021 and replaced with The Myanmar (Sanctions) Regulations2021 
Further Details
UN No
US Sanctions were re-imposed wef 10 Feb 2021 under EO 14014 which imposes asset freezes and travel bans on any designated individuals and entities responsible for unjustly arresting and detaining government leaders, politicians, human rights defenders, journalists, and religious leaders; rejecting the will of the people of Burma as expressed in elections held in November 2020; and undermining the country’s democratic transition and the rule of law. Several designations were made on 11 Feb 2021. On the 28 May 2021 OFAC issued the Burma Sanctions Regulations to implement Executive Order 14014 “Blocking Property with Respect to the Situation in Burma”. The Regulations will enter into force on 1 June 2021. It is noted that OFAC intends to publish a more comprehensive set of regulations, including additional interpretive and definitional guidance, general licences and other regulatory provisions, in due course.
EU EU Council Reg 401/2013 implements Council Decision 2013/184/CFSP which lifts all restrictive measures except for arms embargo & the embargo on equipment which might be used for internal repression, associated services & financial services. CFSP 2018/655 renews the measures until 30 Apr 2019 and extends the arms embargo to include dual-use goods for use by the military and border guard police, equipment for monitoring communications and a prohibition on the provision of military training to, and military cooperation with, the Burma/Myanmar army. The EU has also adopted a legal framework to impose targeted sanctions (travel bans and asset freezes) against individuals deemed responsible for serious human rights violations. First persons added 25 June 2018. All restrictive measures under CFSP 2013/184 were extended until 30 April 2020 under CFSP 2019/678. All restrictive measures were extended until 30 April 2021 under CFSP 2020/563. (CFSP) 2021/711 renews all restrictive measures until 30 April 2022. On 22 March 2021 (CFSP) 2021/482 amends the designation criteria to allow for sanctions to be imposed against people/entities/bodies whose activities undermine democracy in Myanmar - several designations also were made.
UK
 The Burma (Sanctions) (EU Exit) Regulations 2019 incorporates EU sanctions into UK law wef: 31 Dec 2020. Several designations have also been made. On the 29 Apr 2021 OFSI introduced The Myanmar (Sanctions) Regulations2021 to ensure UK sanctions relating to Myanmar were implemented effectively as well as expanding the criteria to allow for the designation of people and entities it deemed to be involved in the  undermining of Myanmar democracy and rule of law.. The Regulations replace and revoke the Burma (Sanctions) (EU Exit)Regulations 2019.
This information has been collated by the International Underwriting Association of London and is intended as a guide only. The IUA does not accept any liability for the accuracy of this information.
This publication is intended to convey only general information about sanctions legislation and associated insurance coverage. It is not, and is not intended to be, a complete statement of the law relating to this area. It should not be relied on or be used as a substitute for legal advice in relation to any particular set of circumstances. Accordingly, IUA does not accept any liability for any loss which may arise from reliance on this information.