1002, Shwe Than Lwin Condo, New University Avenue, Bahan Township, Yangon, Burma;
No. 218, Building No. A, Level 16 A, No. 13 Ward, Insein Road, Hlaing Township, Yangon, Burma
Reg. ID
13/THAPANA(AEI)000103, National ID No.
Official reason
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. 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.
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.
