The Myanmar Crisis: Understanding Commercial Risks from Sanctions to Export Controls & Beyond
REGISTER TODAY FOR FREE
Join Kharon for a 45-minute Expert Briefing detailing the recent sanctions and export control actions impacting Myanmar and explore commercially significant case studies of emerging risk for the industry.
Following the November 2020 general elections, Myanmar’s military refused to recognize the victory of the then-ruling party National League for Democracy. The military arrested elected officials and initiated a takeover of the elected government. In response, civilian protestors initiated a string of protests around the country that have been met by the military with ongoing violence, resulting in dozens of civilian deaths.
The U.S., EU, Canada, and United Kingdom have responded with a series of sanctions focused on the military leadership and their family members, as well as key military-controlled commercial interests. The largest military conglomerates, Myanma Economic Holdings Limited (MEHL) and Myanmar Economic Corporation (MEC), control more than 125 companies active in virtually every sector of the economy which produces a variety of products for export globally.
As the situation on the ground continues to evolve, it is important for the industry to continuously assess commercial supply chain exposure to Myanmar, particularly through intermediaries that may source materials from Myanmar or distribution partners that sell western products to military or security-related organizations in the country.