Myanmar, also known as Burma, has suffered decades of repressive military rule, widespread poverty, and civil war with ethnic minority groups.
The transition away from full military rule starting in 2011 spurred hopes of democratic reforms. But the military maintained control over much of the government and began a campaign of ethnic cleansing against the Rohingya.
The military launched a coup in February 2021 and then cracked down on protests. The opposition formed a shadow government and fighting force, leading to a civil war and humanitarian crisis that could spill over Myanmar’s borders.
On March 25, 2021, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) imposed additional sanctions in response to the ongoing crisis in Myanmar (also called Burma) by designating the country’s two largest military conglomerates: (1) Myanmar Economic Holdings Public Company Limited (“MEHL”) and (2) Myanmar Economic Corporation Limited (“MEC”).
Because Myanmar’s military controls significant segments of the country’s economy, including trading, natural resources, and consumer goods, through these two companies, these designations are the most consequential sanctions measures that the Biden Administration has taken to-date in response to the situation. By operation of OFAC’s “Fifty Percent Rule,” the sanctioned status of MEHL and MEC automatically flows to the dozens of their majority-owned subsidiaries that play critical roles throughout the country’s economy, implicating the Myanmar-based operations of numerous foreign companies that have touchpoints with the United States (over which the U.S. Government has enforcement jurisdiction). Recognizing the far-reaching impact, OFAC has concurrently issued four general licenses (regulatory exemptions) that provide blanket authorization to engage in certain categories of activities that would otherwise be prohibited—including the wind down of any existing transactions involving MEHL, MEC, or their majority-owned subsidiaries.
Bài dịch dưới đây là một Chương trong quyển sách nhan đề Bá Chủ: Kế Hoạch Của Trung Quốc Để Thống Trị Á Châu và Thế Giới, xuất bản năm 2000, và được Dân Biểu Quốc Hội Hoa Kỳ Dana Rohrabacher đánh giá là “có giá trị hơn cả các sự thuyết trình của Cơ Quan Tình Báo Trung Ương (CIA)”. Tiếp tục đọc “Bản đồ thế giới của bá quyền Trung Quốc”→