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World

EU to impose new sanctions on Myanmar junta, companies

  • "There is a third row of sanctions in preparation that will be approved (in) the coming days (targeting) personnel of the military junta and also the entity that represents the economic interests of the military," he said.
03 Jun 2021

JAKARTA: The European Union will impose a new round of sanctions on Myanmar's military junta and its economic interests in the coming days, EU foreign affair chief Josep Borrell told Reuters on Thursday.

In an interview in Jakarta after meetings with Southeast Asian diplomats, Borrell said the fresh sanctions from the EU would be the third batch introduced since the military ousted Myanmar's democratically-elected government on Feb. 1.

"There is a third row of sanctions in preparation that will be approved (in) the coming days (targeting) personnel of the military junta and also the entity that represents the economic interests of the military," he said.

Since the coup, EU sanctions have frozen assets or applied travel bans on 21 military and civilian members of Myanmar's junta. European citizens and companies are also forbidden from making funds available to those sanctioned.

The bloc's last round of sanctions in April targeted military-owned conglomerates Myanma Economic Holdings Limited (MEHL) and Myanmar Economic Corporation (MEC), barring EU investors and banks from doing business with them.

The EU sanctions, along with those of other Western powers, have yet to persuade the junta to cede to their demands to restore democracy, release political detainees or begin dialogue with members of the ousted government, many of whom are imprisoned.

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