"Treasury Prohibits Financial Services with Myanma Oil and Gas Enterprise and Imposes Additional Sanctions on Burma Military Regime Officials and Supporters", 31 October 2023

[...] [T]he U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published a new directive that prohibits certain financial services by U.S. persons to or for the benefit of Myanma Oil and Gas Enterprise (MOGE). This sanctions action against MOGE seeks to degrade the regime’s ability to purchase weapons to carry out atrocities against the people of Burma. Additionally, OFAC designated three entities and five individuals connected to Burma’s military regime pursuant to Executive Order (E.O.) 14014. [...].

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SUPPORTERS OF BURMA’S MILITARY REGIME

Today’s action targets three entities who have assisted the military regime in its continued importation of arms, dual-use goods, and other materials, including from sanctioned entities in Russia and other countries. [...].

Sky Royal Hero Company Limited is a Burmese entity which contracted repair work from sanctioned Russian entities and has a known relationship with the Burmese defense procurement company, Sky Aviator Company Limited. Sky Aviator Company Limited was designated by OFAC on November 8, 2022 for operating in the defense sector of the Burmese economy.

Sky Royal Hero Company Limited is being designated pursuant to E.O. 14014 for operating in the defense sector of the Burmese economy.

Suntac Technologies Company Limited and Suntac International Trading Company Limited are both part of Sit Taing Aung’s Suntac Group of Companies. Sit Taing Aung, who has close ties to the Burmese military, uses his companies to supply equipment and material to the army, and was designated by OFAC on March 25, 2022, for operating in the defense sector of the Burmese economy. 

Suntac Technologies Company Limited and Suntac International Trading Company Limitedare 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, Sit Taing Aung. 

Sky Royal Hero Company Limited, Suntac Technologies Company Limited and Suntac International Trading Company Limited are also concurrently being designated by Canada today.

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