Last Updated: July 8, 2024

Myanmar Economic Corporation Limited

Address

Corner of Ahlone road & Kannar road, Ahlone, Yangon, Myanmar, PHONE[01-8221369] EMAIL[mecadm.hq@gmail.com] (Place of business: Myanmar/Burma)

Reg. ID

105444192 (regnumber-Registration Number) (in Yangon)(Place of \nregistration:Yangon, Myanmar\nDate of registration: Founded in 1997 as a State owned company, registered as a private company on 9 January 2019)

Linked to

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.LI.2021.132.01.0001.01.ENG&toc=OJ%3AL%3A2021%3A132I%3ATOC

Official reason

Myanmar Economic Corporation (MEC) is a conglomerate owned and controlled by the Myanmar Armed Forces (Tatmadaw), having subsidiaries and affiliated companies in diverse sectors of the economy, including banking, insurance, construction, trade, transportation, mining, gem extraction, manufacturing and tourism. MEC and its subsidiaries generate reve...

Other Information

(Date of UN designation: 2021-04-19)

Date of listing

2021-04-19

Program information

Authority

EU

Program

Restrictive measures in view of the situation in Myanmar/Burma

Regime

EU country specific

Target State

Myanmar

Measures

Asset freeze and prohibition to make funds available, Restrictions on admission

Sanctions Portfolio

- All assets of the persons and entities listed in Annexes IV of Council Regulation (EU) 401/2013 should be frozen. It is also prohibited to make any funds or assets directly or indirectly available to them. The list of persons and entities concerned is included in the Financial Sanctions Database (linked). - Member States shall enforce travel rest...

Official Information

In view of the absence of progress towards democratization and of the violation of human rights in Myanmar/Burma, on 28 October 1996, the EU reaffirmed the restrictive measures already in place, which included an arms embargo, and introduced additional ones, such as travel restrictions and the suspension of high-level bilateral governmental visits ...

Program URL

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02013D0184-20210621&fbclid=IwAR0aIQnhLlfDnP0xn_quu9Lbspv8IE6NVrAMZlPRSROKs-MdZS6xhSJdTQI