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1132. Does the determination of August 23, 2023, made pursuant to Executive Order (E.O.) 14014 with regard to the jet fuel sector of the Burmese economy mean that all persons that operate or have operated in this sector of the Burmese economy are sanctioned by OFAC?

Answer

No.  The OFAC Director, in consultation with the Department of State, has issued a determination pursuant to E.O. 14014 that authorizes the imposition of economic sanctions on any foreign person determined to operate in the jet fuel sector of the Burmese economy.

A sector determination pursuant to E.O. 14014 exposes persons that operate in an identified sector to sanctions risk; however, a sector determination does not automatically impose sanctions on all persons who operate in the sector.  Only foreign persons determined, pursuant to E.O. 14014, by the Secretary of the Treasury in consultation with the Secretary of State, to operate in the jet fuel sector of the Burmese economy are subject to sanctions.

Persons determined to operate in the jet fuel sector of the Burmese economy will be added to the Specially Designated Nationals and Blocked Persons List (SDN List).  

Date Released
August 23, 2023