More Burma Sanctions Announced

Treasury’s Office of Foreign Assets Control (OFAC) issued a determination that allows sanctions to be imposed on any foreign individual or entity that operates in the jet fuel sector of the Burmese economy. Concurrently, OFAC designated two individuals and one entity that are involved in the procurement and distribution of jet fuel to Burma’s military regime, and two entities for being owned or controlled by such persons.

OFAC is strengthening and expanding its use of Burma-related sanctions authorities by issuing a determination that identifies the jet fuel sector of the Burmese economy pursuant to section 1(a)(i) of Executive Order (E.O.) 14014. This determination allows for sanctions to be imposed on any foreign individual or entity determined to operate in the jet fuel sector of the Burmese economy. This action complements existing provisions for sanctions against those that operate in the defense sector of the Burmese economy. In conjunction with this determination, OFAC is issuing new guidance.

OFAC is publishing Burma-related Determination Pursuant to Section 1(a)(i) of EO 14014, whereby section 1(a)(i) of E.O. 14014 shall apply to the jet fuel sector of the Burmese economy. OFAC is also issuing two associated Frequently Asked Questions (1132, 1133).