President Issues Executive Order Imposing Additional Sanctions on Burma
President Bush has issued Executive Order 13448, effective 12:01 a.m., eastern daylight time, on October 19, 2007, blocking the property or interests in property1 of twelve additional persons, as well as persons to be determined by the Treasury Department to have provided financial, logistical, or technical support to the Government of Burma (Myanmar), to be senior officials of the Government of Burma, etc.
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(E.O. 13448 expands and/or relies on certain actions taken in EO 13407 of May 20, 1997 and EO 13310 of July 28, 2003.)
Sanctions Affect 5 Firms with Burma Address, 3 with Singapore Address, Etc.
The 12 persons (entities such as corporations, and individuals) affected by this E.O. are:
Entities
Htoo Trading Company Limited; Yangon, Burma
Pavo Trading Pte. Ltd.; Singapore
Air Bagan Holdings Pte Ltd. (d.b.a. Air Bagan); Singapore
Air Bagan Limited (d.b.a. Air Bagan); Burma
Htoo Wood Products Pte. Limited; Singapore; Yangon, Burma
Yuzana Company Limited (a.k.a. Yuzana Construction); Yangon, Burma
Zay Gabar Company (a.k.a. Zaykabar Company); Burma
Individuals
Tay ZA; Managing Director, Htoo Trading Company Limited; Chairman, Air Bagan
Holdings Pte. Limited (d.b.a. Air Bagan); Managing Director, Pavo Trading Pte. Ltd.
Pye Phyo Tay ZA
Thidar ZAW
Htay MYINT; Chairman, Yuzana Company Limited
Khin SHWE; President, Zay Gabar Company
E.O. 13448, among other things, also prohibits donations for the benefit of the persons blocked by this E.O., and any transactions by a U.S. person or within the U.S. that evades, avoids, or attempts to violate any of the prohibitions of this order.
1Property or interests in property that are in the U.S. or come within the possession or control of U.S. persons, including their overseas branches, etc.
(See ITT's Online Archives or 10/25/07 news, 07102525, for BP summary of BIS final rule imposing more restrictions and license requirements on exports to Burma.
See ITT's Online Archives or 10/05/07 and 10/26/07 news, 07100599 6, and 07102699 13, for BP summary of OFAC blocking 14 and 11 Burma individuals, respectively.
See ITT's Online Archives or 07/30/03 news, 03073010, for BP summary of EO 13310 banning certain Burmese imports and blocking certain Burmese property, etc.)
President's EO 13448 (FR Pub 10/23/07) available at http://a257.g.akamaitech.net/7/257/2422/01jan20071800/edocket.access.gpo.gov/2007/pdf/07-5270.pdf