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Export Control and Sanctions Update: EU lifts Economic Sanctions against Burma/Myanmar

    • Competition, EU and Trade
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    On 03 May 2013, new EU legislation came into force which has lifted the asset-freezing measures and financial restrictions applied in respect of Burma/Myanmar. This legislation follows a Council Decision, on 22 April 2013, to lift all economic sanctions against Burma/Myanmar except for an arms embargo. These restrictions had been previously suspended by a Council Decision, and associated Regulation, in 2012 with the suspension expiring on 30 April 2013. This new legislation repeals previous legislation imposing sanctions on Burma/Myanmar, with the exception of the arms embargo, and ends the temporary suspension. As a result, the applicable UK secondary legislation, which imposed criminal penalties for breaches of these financial restrictions, was revoked on 8 May 2013.

    Embargoes currently still remain in relation to arms, which prohibits the provision of arms and related materiel to any party in, or for use in, Burma/Myanmar; the provision of finance or financial assistance for the sale, supply, transfer or export of arms and related materiel to any party, or for use in, Burma/Myanmar; and the embargo on equipment which may be used for internal oppression in Burma/Myanmar.

    The lifting of these restrictions means that trade with parties in Burma/Myanmar is unlikely to contravene EU law unless it falls within the limited remaining embargoes.