Asia PacificEXCLUSIVE EU agrees to sanction two companies close to Myanmar military, diplomats say
John IrishRobin Emmott
4 minutes read
The European Union has agreed to impose sanctions on another 10 individuals linked to the Feb. 1 coup in Myanmar and to target two businesses run by the armed forces for the first time in protest at the military takeover, two diplomats said.
The measures, which the diplomats said could take effect next week, would target two companies that generate revenue for the Myanmar Armed Forces. Reuters first reported preparations for the measures on March 8. read more
While the EU has an arms embargo on Myanmar and targeted 11 senior military officials last month, the decision to target two companies is the most significant response so far for the bloc since the coup that ousted an elected government led by Nobel peace laureate Aung San Suu Kyi.