EU to sanction 11 people involved in Myanmar coup, foreign policy chief says

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The European Union will on Monday impose sanctions on 11 people linked to the Feb. 1 coup in Myanmar, the EU’s foreign policy chief Josep Borrell stated as he arrived for a gathering of EU foreign ministers in Brussels.

While the bloc has an arms embargo on Myanmar, and has focused some senior army officers since 2018, the measures can be its most important response thus far because the coup.

(*11*) Borrell stated, including the state of affairs in the nation was deteriorating.

Reuters reported on March 8 that the EU was making ready the measures. The names of the people are anticipated to be made public as soon as the sanctions are formally determined by ministers.

Stronger measures are anticipated quickly because the bloc strikes to goal the companies run by the army.

EU diplomats have instructed Reuters that elements of the army’s conglomerates, Myanmar Economic Holdings Limited (MEHL) and Myanmar Economic Corporation (MEC), are doubtless to be focused, barring EU buyers and banks from doing enterprise with them.

The conglomerates are unfold all through the economic system from mining and manufacturing to meals and drinks to motels, telecoms and banking. They rank among the many nation’s greatest taxpayers and sought partnerships with foreign firms as Myanmar opened up throughout its democratic liberalization.

A U.N. fact-finding mission in 2019 really useful sanctions in opposition to the 2 firms and their subsidiaries, saying they gave the military further sources of income that might finance human rights violations.

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