AGL 40.17 Increased By ▲ 0.17 (0.43%)
AIRLINK 130.65 Increased By ▲ 1.12 (0.86%)
BOP 6.85 Increased By ▲ 0.17 (2.54%)
CNERGY 4.63 No Change ▼ 0.00 (0%)
DCL 8.97 Increased By ▲ 0.03 (0.34%)
DFML 43.14 Increased By ▲ 1.45 (3.48%)
DGKC 83.61 Decreased By ▼ -0.16 (-0.19%)
FCCL 32.93 Increased By ▲ 0.16 (0.49%)
FFBL 78.20 Increased By ▲ 2.73 (3.62%)
FFL 12.18 Increased By ▲ 0.71 (6.19%)
HUBC 110.66 Increased By ▲ 0.11 (0.1%)
HUMNL 14.50 Decreased By ▼ -0.06 (-0.41%)
KEL 5.58 Increased By ▲ 0.19 (3.53%)
KOSM 8.30 Decreased By ▼ -0.10 (-1.19%)
MLCF 39.63 Decreased By ▼ -0.16 (-0.4%)
NBP 62.00 Increased By ▲ 1.71 (2.84%)
OGDC 199.90 Increased By ▲ 0.24 (0.12%)
PAEL 26.56 Decreased By ▼ -0.09 (-0.34%)
PIBTL 7.78 Increased By ▲ 0.12 (1.57%)
PPL 160.30 Increased By ▲ 2.38 (1.51%)
PRL 26.69 Decreased By ▼ -0.04 (-0.15%)
PTC 18.80 Increased By ▲ 0.34 (1.84%)
SEARL 83.25 Increased By ▲ 0.81 (0.98%)
TELE 8.23 Decreased By ▼ -0.08 (-0.96%)
TOMCL 34.40 Decreased By ▼ -0.11 (-0.32%)
TPLP 9.05 Decreased By ▼ -0.01 (-0.11%)
TREET 17.00 Decreased By ▼ -0.47 (-2.69%)
TRG 60.49 Decreased By ▼ -0.83 (-1.35%)
UNITY 28.00 Increased By ▲ 0.57 (2.08%)
WTL 1.41 Increased By ▲ 0.03 (2.17%)
BR100 10,605 Increased By 198.6 (1.91%)
BR30 32,010 Increased By 296.9 (0.94%)
KSE100 98,783 Increased By 1454.2 (1.49%)
KSE30 30,758 Increased By 565.3 (1.87%)
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.
Published June 3, 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.

Comments

Comments are closed.