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ARTICLE · 14 MAY 2012

Relaxation Of Sanctions On Burma - An Opportunity?

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EU: Ban on arms exports to, and investment in, Burma. Visa restrictions and asset freezes targeting key officials, ban on exports of gems, timber and metals.

GlobalInternational Law
Nigel Kushner
Nigel Kushner
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SUMMARY

Summary of sanctions in place in Burma:

  • EU: Ban on arms exports to, and investment in, Burma. Visa restrictions and asset freezes targeting key officials, ban on exports of gems, timber and metals.
  • US: Arms embargo, bans on investment and financial services, as well as a ban on most Burmese imports.

Steps to ease sanctions:

  • UK: Asset freeze on nearly 500 people and restrictions on key industries suspended.
  • EU: Ban on certain ministers and officials suspended in January. Sanctions relaxed further in April.
  • US: "Targeted" lifting of investment and financial services bans begun. Visa ban to be relaxed to help officials travel to US. Sanctions on people and institutions that oppose reform maintained. Ban on technical assistance was waived in February.

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