• US Significantly Eases Sanctions Against Burma
  • July 17, 2012
  • Law Firm: Covington Burling LLP - Washington Office
  • The President and Secretary of State took action yesterday to ease significantly the US sanctions against Burma, including new general licenses issued by the U.S. Treasury Department that permit the first new investment in Burma in 15 years and that largely lift the ban on providing financial services to Burma. The move had been widely anticipated following an announcement in May that US sanctions would be eased in response to reforms in that country during the past year.