Skip to main content

EU expands sanctions against Myanmar’s military leaders and army-controlled companies

THE European Union expanded its sanctions against Myanmar’s military leaders and army-controlled companies today ahead of a regional meeting to discuss the worsening crisis after army leaders deposed the elected government.

The EU Council of Europe’s latest sanctions target 10 individuals and two military-controlled companies already subject to sanctions by the US, Britain and other governments.

It is unclear if such moves are having any impact as the military escalates its efforts to crush opposition to its seizure of power.

Myanmar’s economy is already in crisis, worsened by the coronavirus pandemic and by the mass civil disobedience movement that arose following the February 1 coup.

The EU said that the number of individuals sanctioned has expanded to include 35 people it said were responsible for undermining democracy and the rule of law, for repressive decisions and for serious human rights violations.

The two military-controlled companies: Myanma Economic Holdings Public Company Ltd (MEHL) and Myanmar Economic Corp (MEC) have vast holdings in many industries and help to fund the military.

All are subject to having their assets frozen, travel banned and other measures. EU citizens and businesses are banned from doing business or providing funds to them without special permission.

“Today’s decision is a sign of the EU’s unity and determination in condemning the brutal actions of the military junta and aims at effecting change in the junta’s leadership,” the EU said in a statement.

“Today’s decision also sends a clear message to the military leadership: continuing on the current path will only bring further suffering and will never grant any legitimacy,” it said.

OWNED BY OUR READERS

We're a reader-owned co-operative, which means you can become part of the paper too by buying shares in the People’s Press Printing Society.

Become a supporter

Fighting fund

You've Raised:£ 5,397
We need:£ 12,603
14 Days remaining
Donate today