An official website of the United States government Here’s how you know
U.S. DEPARTMENT OF THE TREASURY
ABOUT POLICY SEARCH
TREASURY ISSUES DATA SERVICES NEWS
HOME NEWS PRESS RELEASES
NEWS PRESS RELEASES LATEST NEWS
Press Releases Treasury Expands Burma- November 6, 2024
Related Sanctions and
Treasury Expands Sanctions on
Statements & Republika Srpska Network
Remarks Evading U.S. Sanctions
Readouts
Designates Additional Jet
Fuel Suppliers in Burma
November 1, 2024
Testimonies Treasury Issues Final Rule
Expanding CFIUS Coverage of
Real Estate Transactions Around
Featured More Than 60 Military
Stories Installations
August 23, 2023
WASHINGTON — Today, taking note of the Burmese military U.S. Department of the Treasury’s
Webcasts CDFI Fund and Federal Housing
regime’s violent airstrikes against the people of Burma, the U.S. Finance Agency Collaborate to
Press Contacts Department of the Treasury’s Office of Foreign Assets Control (OFAC) Bolster CDFI Access to Capital
issued a determination that allows sanctions to be imposed on any
foreign individual or entity that operates in the jet fuel sector of the October 31, 2024
Burmese economy. Concurrently, OFAC designated two individuals Report on U.S. Portfolio Holdings
of Foreign Securities at Year-End
and one entity that are involved in the procurement and distribution
2023
of jet fuel to Burma’s military regime, and two entities for being
Treasury Sanctions Key Members
owned or controlled by such persons.
of La Linea, a Group Involved in
Trafficking Fentanyl into the
After overthrowing Burma’s democratically elected civilian
United States
government in a coup on February1, 2021, the military regime has
increasingly relied on violent airstrikes to repress the people of
Burma. Most recently, fighter jet and helicopter attacks killed up to
10 civilians near Nyaung Kone village and up to 80 civilians, including
women and schoolchildren, in a village in the Sagaing region of
central Burma in April and June 2023, respectively. The Sagaing
region attack was one many deadly air strikes since the military
seized control of the country. Since the coup, over 3,900 civilians are
estimated to have been killed by the regime.
“By expanding the use of our sanctions authority to target an
additional sector critical to the military regime, we are able to further
deprive the regime of the resources that enable it to oppress its
citizens,” said Under Secretary of the Treasury for Terrorism and
Financial Intelligence Brian E. Nelson. “The United States remains
committed to supporting the people of Burma in their pursuit of
freedom and democracy.”
EXPANDING SANCTIONS: JET FUEL SECTOR
Today, OFAC is strengthening and expanding its use of Burma-
related sanctions authorities by issuing a determination that
identifies the jet fuel sector of the Burmese economy pursuant to
section 1(a)(i) of Executive Order (E.O.) 14014. This determination
allows for sanctions to be imposed on any foreign individual or
entity determined to operate in the jet fuel sector of the Burmese
economy. This action complements existing provisions for sanctions
against those that operate in the defense sector of the Burmese
economy. In conjunction with this determination, OFAC is issuing
new guidance.
SANCTIONS ON BURMESE MILITARY JET
FUEL SUPPLIERS
Today’s action targets two individuals and one entity involved in the
procurement and distribution of jet fuel to Burma’s military, and two
entities for being owned or controlled by such persons. In addition
to disrupting the military regime’s access to jet fuel resources,
today’s sanctions further align our actions with partners and allies.
Khin Phyu Win was previously associated with multiple jet fuel
related companies within the Asia Sun Group, which imported jet
fuel on behalf of Burma’s military regime and was designated by
OFAC on March 24, 2023 pursuant to E.O. 14014 for operating in the
defense sector of the Burmese economy. Khin continues to maintain
an interest in the procurement and distribution of jet fuel through
her ownership and control of Shoon Energy PTE. LTD., PEIA PTE.
LTD., and P.E.I Energy PTE. LTD., which are Singapore-based
holding companies. Shoon Energy PTE. LTD. was formally known as
Asia Sun Aviation and is a part of the Asia Sun Group. Khin and
Shoon Energy PTE. LTD. were also designated by the United
Kingdom earlier this year.
Zaw Min Tun became the director and owner of 11 Asia Sun Group
companies after Khin transferred them to him, including Asia Sun
Trading Company Limited, which was also designated by OFAC on
March 24, 2023 pursuant to E.O. 14014 for operating in the defense
sector of the Burmese economy. Zaw Min Tun was designated by the
UK earlier this year as well.
Khin Phyu Win and Zaw Min Tun are being designated pursuant to
E.O. 14014 for operating in the jet fuel sector of the Burmese
economy.
Shoon Energy PTE. LTD. is being designated pursuant to E.O. 14014
for operating in the jet fuel sector of the Burmese economy and for
being owned or controlled by, or acting for or purporting to act for or
on behalf of, directly or indirectly, Khin Phyu Win.
P.E.I Energy PTE. LTD. and PEIA PTE. LTD. are being designated
pursuant to E.O. 14014 for being owned or controlled by, or acting
for or purporting to act for or on behalf of, directly or indirectly, Khin
Phyu Win.
SANCTIONS IMPLICATIONS
As a result of today’s action, pursuant to E.O. 14014, all property and
interests in property of the persons named above that are in the
United States, or in the possession or control of U.S. persons, are
blocked and must be reported to OFAC. In addition, any entities that
are owned, directly or indirectly, 50 percent or more by one or more
blocked persons are also blocked.
Unless authorized by a general or specific license issued by OFAC, or
otherwise exempt, OFAC’s regulations generally prohibit all
transactions by U.S. persons or within (or transiting) the United
States that involve any property or interests in property of
designated or otherwise blocked persons. The prohibitions include
the making of any contribution or provision of funds, goods, or
services by, to, or for the benefit of any blocked person or the receipt
of any contribution or provision of funds, goods, or services from any
such person.
U.S. sanctions need not be permanent. Sanctions are intended to
bring about a positive change of behavior. Consistent with the
findings of Treasury’s Sanctions Review, the removal of sanctions is
available for persons designated under E.O. 14014 who take
concrete and meaningful actions to restore Burma’s path to
democracy and disassociate themselves from the military regime in
Burma.
For information concerning the process for seeking removal from
any OFAC list, including the Specially Designated Nationals and
Blocked Persons List (SDN List), please refer to OFAC’s Frequently
Asked Question 897. Additional information regarding sanctions
programs administered by OFAC can be found here.
For additional information regarding the sector determination and
sanctions issued today, click here.
###
BUREAUS INSPECTOR U.S. ADDITIONAL OTHER
GENERAL SITES GOVERNMENT RESOURCES GOVERNMENT
SHARED SERVICES SITES
| ﺍﻟﻌﺭﺑﻳﺔ中文 | Español | 한국어 | Tagalog | TiếngViệt
• • • • • • •
