In recent weeks, the EU, UK, and US have adopted sanctions against those allegedly involved in the military coup in Myanmar, along with those responsible for serious violations of human rights in overthrowing the democratically elected government or committing violence against protestors. The actions mark a sharp uptick in sanctions measures targeting Myanmar and suggest close coordination between the three jurisdictions.
Additionally, on March 25, the UK and US took coordinated action, going beyond the measures imposed by the EU, to impose sanctions on certain holding companies controlled by the Myanmar military, a development that may have significant implications for persons doing business in Myanmar.
For more on EU, UK, and US sanctions related to Myanmar, click here to read the full Client Alert or contact a lawyer in Steptoe’s Economic Sanctions practice.