EU preparing sanctions on Myanmar military businesses, documents show

EU preparing sanctions on Myanmar military businesses, documents show

The Edge Markets - World·2021-03-09 05:06

BRUSSELS (March 8): The European Union is preparing to widen its sanctions on Myanmar's armed forces to target businesses they run, in protest at the Feb 1 military coup, according to diplomats and two internal documents seen by Reuters.

The measures, which diplomats said could be agreed by EU foreign ministers on March 22, would target companies "generating revenue for, or providing financial support to, the Myanmar Armed Forces", said one of the documents dated March 5.

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