In addition to authorizing certain transactions until June 7, 2016, this general license also authorizes U.S. financial institutions to unblock and return transactions blocked on or after April 1, 2015 that would have qualified as authorized had they been engaged in pursuant to the authorization in the general license.
This general license is intended to support U.S. and Burmese exporters and to facilitate trade with Burma. More specifically, this general license is an effort to calibrate the impact of our Burma sanctions and to support the ongoing flow of trade with Burma. Supporting Burma’s economic development – including the encouragement of normal trade with non-sanctioned businesses in Burma – is a key foreign policy goal. Today’s general license supports the prior easing of U.S. economic sanctions on Burma in response to significant positive reforms in the country, while maintaining targeted sanctions against specific individuals and entities.
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