The U.S., the U.K. and Canada issued new sanctions this week against Myanmar, targeting various entities and officials with ties to the country’s military regime and its purchase of weapons.
Singapore Customs fined Hydronav Services, a Singapore-based exporter, over $1.1 million for shipping strategic goods without the required permits in violation of the nation's Strategic Goods (Control) Act, the agency said. Two Hydronav employees were also fined for their involvement in the scheme -- one for $35,000, the other for $45,000.
The Office of Foreign Assets Control this week deleted four entries from its Specially Designated Nationals List and updated six others. The entries are linked to either Russia or Myanmar. One entry, Russia-based Joint Stock Company Star, had been listed on the SDN List under two separate sanctions authorities, and the agency's move this week merged those two listings together, an OFAC spokesperson said Sept. 27. The agency didn't provide more information on why it deleted the other entries.
The Office of Foreign Assets Control this week expanded its Myanmar sanctions regime to cover the country’s jet fuel sector and sanctioned people and companies involved in procuring and distributing jet fuel to Myanmar’s military regime.
A group of European countries not in the EU aligned with recent sanctions moves from the European Council regarding Iran's support for Russia's war in Ukraine, serious human rights abuses and the situation in Myanmar.
Switzerland's State Secretariat for Economic Affairs on Aug. 3 added six people and one entity to its Myanmar sanctions regime following the EU's designation of the parties. The designations target Myanmar's Health and Sport Minister Thet Khaing Win; Quartermaster General Kyaw Swar Lin; Union Minister for Immigration and Population Myint Kyaing; and members of the State Administration Council. The listed entity is No 2 Mining Enterprise.
The U.S. last week said it isn’t renewing a June general license that authorized certain transactions with two Myanmar banks. The State Department on Aug. 4 said it plans to let the license -- which covered U.S.-sanctioned Myanma Investment and Commercial Bank, Myanma Foreign Trade Bank and their subsidiaries -- expire Aug. 5 at 12:01 am. “We will pursue enforcement actions as appropriate,” the agency said.
The EU levied a seventh round of sanctions against the parties responsible for the continuing violence and human rights violations in Myanmar, the European Council announced July 20. The designations target union ministers for immigration and population, labor, and health and sports; two members of the State Administration Council; and the quartermaster general. The lone sanctioned entity is No. 2 Mining Enterprise, a state-owned company generating revenue for the Myanmar Armed Forces, the council said. The sanctions regime now covers 99 people and 19 entities.
The U.N. Security Council and the U.K. recently amended 16 North Korea-related entries on their sanctions lists. The entries include bankers, nuclear researchers and procurers, and military officials.
The Office of Foreign Assets Control this week sanctioned Myanmar’s Ministry of Defense and two financial institutions that help facilitate foreign currency exchanges within the country and transactions between the military and foreign markets. OFAC said state-owned Myanma Foreign Trade Bank and Myanma Investment and Commercial Bank allow the country’s defense ministry to buy arms and “other materials.”