U.S. eases financial sanctions on Myanmar

April 18, 2012

english.vietnamnet.vn on April 18, 2012 released the following:

“The U.S. Treasury Department announced on Tuesday that it will ease the financial sanctions on Myanmar in order to allow the American non-governmental organizations (NGOs) to operate in the country.

The U.S. government will drop financial sanctions on Americans whose activities are aimed at meeting basic human needs and promoting democracy in the Southeast Asian country, according to Treasury Department’s Office of Foreign Assets Control.

To be specific, the activities exempted from sanctions, which are typically carried out by the NGOs, include health, education, good governance and certain non-commercial development initiatives, said the department.

“These were our action for action, if you will, in response to what we viewed as very positive parliamentary elections,” State Department spokesman Mark Toner said in his comment on the announcement.

“I think you’ll see more steps as we implement what we laid out on April 4. You’ll see additional steps,” he told reporters.

On April 4, U.S. Secretary of State Hillary Clinton announced that Washington will ease its financial and investment restrictions on Myanmar, following the landmark parliamentary by- election in the country.

She also said that the United States was expected to nominate an ambassador to Myanmar very soon, to establish an in-country USAID mission and to support a normal country program for the UN Development Program.

Tuesday’s decision by the Treasury Department signaled Washington’s first step to loosen its wide-ranging and longtime sanctions on Myanmar.

Myanmar held its historic parliamentary by-election on April 1, in which the opposition party led by Aung San Suu Kyi secured big gains, winning 43 of 45 parliamentary seats available.

VietNamNet/Xinhuanet”

————————————————————–

Douglas McNabb – McNabb Associates, P.C.’s
OFAC SDN Removal Videos:

OFAC Litigation – SDN List Removal

OFAC SDN List Removal

OFAC SDN Removal Attorneys

————————————————————–

To find additional global criminal news, please read The Global Criminal Defense Daily.

Douglas McNabb and other members of the U.S. law firm practice and write and/or report extensively on matters involving Federal Criminal Defense, INTERPOL Red Notice Removal, International Extradition and OFAC SDN Sanctions Removal.

The author of this blog is Douglas C. McNabb. Please feel free to contact him directly at mcnabb@mcnabbassociates.com or at one of the offices listed above.


Clinton tells Congress 11 countries are reducing oil buys from Iran

March 21, 2012

CNN on March 21, 2012 released the following:

“By Adam Levine, CNN

WASHINGTON (CNN) — Eleven countries, including Japan and European nations, have significantly reduced their Iran oil purchases and should not be subject to new U.S. sanctions, U.S. Secretary of State Hillary Clinton told Congress Tuesday.

The countries are Japan, Belgium, the Czech Republic, France, Germany, Greece, Italy, the Netherlands, Poland, Spain, and the United Kingdom, according to a State Department statement.

“The actions taken by these countries were not easy. They had to rethink their energy needs at a critical time for the world economy and quickly begin to find alternatives to Iranian oil, which many had been reliant on for their energy needs,” said Clinton in the State Department statement.

“Only two months after the passage of the National Defense Authorization Act for 2012, we have made progress in shrinking Iran’s oil export markets, and isolating its Central Bank from the world financial system. The United States is leading an unprecedented international coalition of partners that has brought to bear significant pressure on the Iranian regime to change its course.”

There are 12 other countries purchasing oil from Iran that could face sanctions. A State Department official who briefed reporters on the announcement would not list the countries, but major importers of Iranian oil include China, India and South Korea.

Those countries could look at Japan as an example of how to ween off Iranian oil, said the State Department official. Japan has reduced its oil purchases from Iran by 15% to 22% in the last half of 2011, the official said.

The president needs to make a final decision by March 30 as to whether those other countries have or have not met the requirements to significantly reduce Iran oil purchases. If the president determines any countries have not, the countries’ banks will face sanctions starting at the end of June.”

————————————————————–

Douglas McNabb – McNabb Associates, P.C.’s
OFAC SDN Removal Videos:

OFAC Litigation – SDN List Removal

OFAC SDN List Removal

OFAC SDN Removal Attorneys

————————————————————–

To find additional global criminal news, please read The Global Criminal Defense Daily.

Douglas McNabb and other members of the U.S. law firm practice and write and/or report extensively on matters involving Federal Criminal Defense, INTERPOL Red Notice Removal, International Extradition and OFAC SDN Sanctions Removal.

The author of this blog is Douglas C. McNabb. Please feel free to contact him directly at mcnabb@mcnabbassociates.com or at one of the offices listed above.