Forest Products Joint Venture Corporation Limited

422/426 Strand Rd. (Rm 2, 2nd Flr,), Corner of Botahtaung Pagoda St., FJVC Center, Ward (4), BTHG, Yangon, Myanmar, PHONE[01-9010742; 01-9010744; 09-443250050] EMAIL[fjv.md@gmail.com]; 52/66, Botahtaung Pagoda St. (Rm 2, 3rd Flr), Lower Block, Botahtaung Township, Yangon, Myanmar, PHONE[01-9010742; 01-9010744; 09-443250050;] EMAIL[fjv.md@gmail.com]

https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32023R0886

Forest Products Joint Venture Corporation Limited (FPJVC) operates in timber industry in Myanmar processing teak and hard wood. Despite being a public company, FPJVC is controlled by the State, which (i) holds the majority of FPJVC’s shares through the Ministry of Natural Resources and Environmental Conservation (MONREC) (10 %) and the state-owned Myanma Timber Enterprise (MTE) (45 %), and (ii) has the right to appoint the majority of the members of the Board of Directors of FPJVC (with 3 members appointed by each of MONREC and MTE, respectively, out of eleven members). On 1 February 2021, the Myanmar Armed Forces (Tatmadaw), led by Commander-in-Chief Min Aung Hlaing, seized power from the civilian legitimate Government in a coup d’état and established the State Administration Council (SAC) to exercise legislative, executive and judicial powers of the State. On 2 February 2021, the military regime appointed a new cabinet, including a new minister for Natural Resources and Environmental Conservation (MONREC). Through the SAC and the new cabinet, the military regime acquired control over and benefits from state-owned enterprises, including FPJVC. FPJVC is thus controlled by and generate revenue for the Tatmadaw, therefore contributing to its capabilities to carry out activities undermining democracy and the rule of law.

EU

2023/886 (OJ L113 I)

(Date of UN designation: 2021-06-21)

2023-04-28

EU

Restrictive measures in view of the situation in Myanmar/Burma

EU country specific

Myanmar

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

- 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 restrictions on persons listed in the Annex of Council Decision 2013/184/CFSP.

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 to Myanmar/Burma. In response to the positive developments and as a means of encouraging changes to continue, on 22 April 2013 the EU lifted all restrictive measures against Myanmar/Burma with the exception of the arms embargo and the embargo on equipment which might be used for internal repression. However, reacting to the systematic human rights abuses perpetrated by Myanmar/Burma military and security forces, in particular in Kachin, Rakhine and Shan states, the EU Foreign Ministers in February 2018 called for strengthened restrictive measures. Accordingly, in the course of 2018 the Council of the EU adopted additional measures that included an extension of the embargo on arms and equipment which might be used for internal repression, as well as targeted restrictive measures against senior military officers of the Myanmar armed forces. Derogations to the restrictive measures are possible, including the delivery of humanitarian aid. On 21 April 2022, the Council of the EU decided to renew the restrictive measures until 30 April 2023.