The United Kingdom's Office of Financial Sanctions Implementation added the Myanmar Economic Holdings Public Company Ltd. to its sanctions list, subjecting it to an asset freeze, it said in a March 25 Financial Sanctions Notice. The major Myanmar conglomerate, owned by the Myanmar military, contributed to a series of fundraising events, which provided financial support to military personnel engaged in genocide against the Rohingya Muslim minority in the Southeast Asian nation.
The United Arab Emirates and the United Kingdom signed a long-term investment agreement in U.K. life sciences, a March 24 news release said. The agreement was made under the UAE-U.K. Sovereign Investment Partnership and involves monetary contributions from the Department of International Trade's Office for Investment and Abu Dhabi's Mubadala Investment Co. Mubadala pledged 800 million pounds for U.K. life sciences over the next five years, to be paired with 200 million pounds from the U.K. Life Sciences Investment Programme.
The European Union is expanding its control over exports of COVID-19 vaccines made in the bloc and is now basing its decision to block exports on “reciprocity” and “proportionality,” the European Commission announced in a March 24 news release. The EC will consider whether the destination country restricts its own exports of vaccines or their components and whether the COVID-19 infection and vaccination rates in the target country are better or worse than the EU's, it said. The EC said it also will consider whether a vaccine export will threaten the EU's inoculation rate. Seventeen countries previously exempt from restrictions are now under export control while 92 low- and middle-income countries remain exempt, it said.
The United Kingdom will establish four new trade and investment hubs in Scotland, Wales, Northern Ireland and northeastern England to bolster its exporting ability, International Trade Secretary Liz Truss detailed in a March 23 news release. These Edinburgh, Cardiff, Belfast and Darlington hubs will house teams of export and investment specialists to help businesses maximize their export potential and access major trade markets, the release said. The Department for International Trade expects to have 550 staff at these hubs by 2025, with an ultimate goal of 750 by 2030. “I'm determined to use UK trade policy to benefit every part of the UK. These Trade and Investment hubs will help this country to an export and jobs-led recovery,” Truss said in the release. While technically launched in September, the Edinburgh hub will see a large surge in employees following this March 23 relaunch, the release said. The Darlington hub will also be the city's second major Department for International Trade site.
The European Union could remove exceptions to its COVID-19 vaccine export regime, expanding the controls to the rest of the globe, Bloomberg reported a senior EU official as saying. The current EU vaccine export control regime, put in place on Feb. 1, has many large exceptions, including Africa and the Middle East, to make sure that vaccine supply lines are uninterrupted and many poorer countries can receive the shots. However, until orders can be filled that the EU made with vaccine manufacturers, the country exceptions are on the chopping block as are protections to companies such as Pfizer Inc. and Moderna Inc. until they fulfill their contracts, the report said.
The European Union instituted an asset freeze and travel ban on 11 Myanmar officials over their role in the military coup and subsequent police repression against peaceful protesters, the European Council announced in a March 22 news release. Ten of the 11 sanctioned individuals are in the top ranks of the Myanmar armed forces, including Commander-in-Chief Min Aung Hlaing and Deputy Commander-in-Chief Soe Win. The lone nonmilitary individual is chairperson of the Union Election Commission for his role in scrapping the country's 2020 election results. The EU is pairing these sanctions with a pledge to withhold financial assistance going to the Myanmar government and to continue intensive diplomatic outreach.
The European Union is likely set to block COVID-19 vaccine shipments to the United Kingdom until vaccine developer AstraZeneca fulfills the terms of its contracts with the bloc, according to a senior EU official, Bloomberg reported. The move would mark an escalation in a battle for inoculations since AstraZeneca informed the bloc that it would not be able to deliver the amount of vaccines it promised for the first quarter, the report said. AstraZeneca is now expected to deliver only half of what it initially committed to by the end or March, promising 30 million shots to the EU.
The United Kingdom's Department for International Trade released a business guidance to exporters of military or dual-use technology on the definitions and scope of the technology in question along with export control concerns. The March 18 publication answers a litany of questions including to whom the export controls apply, the basis of export controls on technology, the definition and scope of the relevant technology, the scope of technology transfer in question, export controls exemptions and the relevant export licenses. The guidance opened broadly, laying out the types of technology covered under the export control regime. Generally, the pertinent technology includes blueprints, plans, diagrams, models, formulae, tables, engineering designs and manuals relating to WMD, certain arms embargoes and unauthorized military exports.
The United Kingdom's Office of Financial Sanctions Implementation tweaked certain information on two entries that remain subject to an asset freeze under its Iran nuclear sanctions regime, OFSI detailed in a March 15 Financial Sanctions Notice. The entries are for Major General Qasem Soleimani and Step Standart Teknik Parca San Ve Tic A.S. The update scratched other names that both would be known by or referred to, and reformatted the listing in the sanctions regime.
The United Kingdom designated six additional individuals who are now subject to an asset freeze as part of an update to its sanctions regime on Syria for that country's repression of the civilian population, the Office of Financial Sanctions Implementation announced in a March 15 Financial Sanctions Notice. The individuals are Muhammad Bara Al-Qatirji, Faisal Al-Miqdad, Luna Al-Shibl, Malik Aliaa, Yasser Hussein Ibrahim and Zaid Salah. They hold prominent positions including in the military, the private sector business world and President Bashar al-Assad's inner circle.