Asia Newsletter

Mitigating the Risk That Your Business May Be Subject to Potential Myanmar Sanctions

Asia Newsletter

On February 1, 2021 the Myanmar military seized power in a coup, and detained Aung San Suu Kyi and other civilian leaders.  The U.S., the U.K. and the E.U. condemned the Myanmar military’s actions.  China noted the coup and expressed its hope that all sides could manage their differences properly.  The United Nations Security Council called for the release of the detained leaders, but stopped short of condemning the coup.On February 2, the United States State Department issued a statement saying that it would take action against those responsible for the coup, including a careful review of the current U.S. sanctions relating to Myanmar’s military leaders and companies associated with them.  Generally, economic sanctions are imposed to regulate transactions...To read the full article, please see the PDF file

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