• DETERMINATION PURSUANT TO SECTION 1(a)(i) OF EXECUTIVE ORDER 14014 Jet Fuel Sector of the Burmese Economy
Section 1(a)(i) of Executive Order (E.O.) 14014 of February 10, 2021 (“Blocking Property With Respect to the Situation in Burma”) imposes economic sanctions on any person determined by the Secretary of the Treasury, in consultation with the Secretary of State, to operate in such sectors of the Burmese economy as may be determined by the Secretary of the Treasury, in consultation with the Secretary of State.
To further address the unusual and extraordinary threat to the national security and foreign policy of the United States described in E.O. 14014, and in consultation with the Department of State and pursuant to 31 CFR § 525.802, I hereby determine that section 1(a)(i) of E.O. 14014 shall apply to the jet fuel sector of the Burmese economy. Any person determined, pursuant to section 1(a)(i) of E.O. 14014, to operate in the jet fuel sector of the Burmese economy shall be subject to sanctions pursuant to section 1(a)(i). This determination shall take effect on August 23, 2023.
On February 10, 2021, the President, invoking the authority of, inter alia, the International Emergency Economic Powers Act (50 U.S.C. 1701–1706) (IEEPA), issued Executive Order (E.O.) 14014 of February 10, 2021, “Blocking Property With Respect to the Situation in Burma” (86 FR 9429, February 12, 2021).
In E.O. 14014, the President determined that the situation in and in relation to Burma, and in particular the February 1, 2021 coup, in which the military overthrew the democratically elected civilian government of Burma and unjustly arrested and detained government leaders, politicians, human rights defenders, journalists, and religious leaders, thereby rejecting the will of the people of Burma as expressed in elections held in November 2020 and undermining the country's democratic transition and rule of law, constitutes an unusual and extraordinary threat to the national security and foreign policy of the United States and declared a national emergency to deal with that threat.
OFAC is issuing the Burma Sanctions Regulations, 31 CFR part 525 (the “Regulations”), to implement E.O. 14014, pursuant to authorities delegated to the Secretary of the Treasury in E.O. 14014. A copy of E.O. 14014 appears in appendix A to this part.
The Regulations are being published in abbreviated form at this time for the purpose of providing immediate guidance to the public. OFAC intends to supplement this part 525 with a more comprehensive set of regulations, which may include additional interpretive and definitional guidance, general licenses, and other regulatory provisions. The appendix to the Regulations will be removed when OFAC supplements this part with a more comprehensive set of regulations.
