US Eases Burmese Sanctions on New Investment and Exportation of Financial Services | White & Case LLP International Law Firm, Global Law Practice
US Eases Burmese Sanctions on New Investment and Exportation of Financial Services

US Eases Burmese Sanctions on New Investment and Exportation of Financial Services

On May 17, 2012, the Obama Administration announced that it would begin the process of suspending sanctions against Burma. On July 11, 2012, the Administration issued two general licenses authorizing both the exportation of financial services to Burma and new investment by US persons in Burma, subject to certain limitations and reporting requirements. The Administration simultaneously issued a new Executive Order, which blocks the property and interests in property of individuals and entities found to be a threat to the peace, security and stability of Burma.

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