Executive Order Expands Burma Sanctions
President Bush has issued Executive Order (EO) 13464, effective May 1, 2008 at 12:01 a.m. eastern daylight time, expanding the Burma (Myanmar) sanctions by blocking the property or interests in property of additional "persons" (i.e. individuals or entities).
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(E.O. 13464 expands and/or relies on certain actions taken in EO 13448 of October 18, 2007; EO 13310 of July 28, 2003; and EO 13407 of May 20, 1997.)
State-Owned Entities, Etc. Now Blocked under Burma Sanctions
EO 13464 expands the Burma sanctions by blocking the property or interests in property of any "person" determined by the Secretary of the Treasury, after consultation with the Secretary of State, to be owned or controlled by, directly or indirectly, the Government of Burma or an official or officials of the Government of Burma (e.g. state-owned enterprises, their branches, etc).
Under the EO, all property and interests in property of such "persons" that are in the U.S. or that are or hereafter come within the possession or control of U.S. persons, including their overseas branches, are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in.
Three New Entities with Burma Addresses Blocked
This EO also blocks the property and interests in property of :
Myanmar Gem Enterprise (aka Myanma Gem Enterprise; MGE); Yangon, Burma
Myanmar Timber Enterprise (aka Myanma Timber Enterprise; MTE); Yangon, Burma
Myanmar Pearl Enterprise (aka Myanma Pearl Enterprise; MPE); Naypyitaw, Burma
(See ITT's Online Archives or 10/26/07 and 07/30/03 news, 07102615 and 03073010, for BP summaries of EO 13448 and EO 13310, respectively.
See ITT's Online Archives or 10/25/07 news, 07102525, for BP summary of Bureau of Industry and Security's (BIS') final rule imposing more restrictions and license requirements on exports to Burma.)
EO 13464 (FR Pub 05/02/08) available at http://edocket.access.gpo.gov/2008/pdf/08-1215.pdf