EU to impose new sanctions on Myanmar junta, companies - top envoy
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard

Thursday
August 11, 2022

Sign In
Subscribe
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
THURSDAY, AUGUST 11, 2022
EU to impose new sanctions on Myanmar junta, companies - top envoy

World+Biz

Reuters
03 June, 2021, 08:45 pm
Last modified: 03 June, 2021, 08:48 pm

Related News

  • The great European energy crisis is now coming for your food
  • Problems remain with Kaliningrad transit despite EU deal, Russia says
  • Russia keeps investors from 'unfriendly' nations frozen out
  • Russia starts stripping jetliners for parts as sanctions bite
  • EU likely to be inflexible to all GSP+ standards: German ambassador

EU to impose new sanctions on Myanmar junta, companies - top envoy

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 1 Feb.

Reuters
03 June, 2021, 08:45 pm
Last modified: 03 June, 2021, 08:48 pm
European Commission vice-president Josep Borrell speaks during a news conference on the EU's cybersecurity strategy, in Brussels, Belgium December 16, 2020. Kenzo Tribouillard/Pool via REUTERS/File Photo
European Commission vice-president Josep Borrell speaks during a news conference on the EU's cybersecurity strategy, in Brussels, Belgium December 16, 2020. Kenzo Tribouillard/Pool via REUTERS/File Photo

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 affairs 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.

The coup plunged Myanmar into crisis after 10 years of tentative steps toward democracy. Mass demonstrations have met with a deadly crackdown by security forces and the economy has collapsed. A refugee crisis is growing and some of Myanmar's many ethnic armed groups are taking up arms against the junta.

While in Jakarta, Borrell met with envoys from countries in the Association of Southeast Asian Nations (ASEAN) on Thursday. The headquarters of ASEAN, which includes Myanmar as one of its 10 members, is based in the Indonesian capital.

Borrell said he told the Myanmar representative to ASEAN: to "end repression and go back to normal political behaviour through free and fair elections".

He said he wanted ASEAN to continue to lead the global diplomatic effort to restore stability and democracy to Myanmar, even though the group has been criticised by human rights groups, opponents of the junta and experts for being too slow and too meek in responding to the coup.

"They are doing the best possible job," said Borrell.

As first reported by Reuters, two senior ASEAN officials are heading to Myanmar this week to meet with the junta, the first visit by the bloc's representatives since the coup was launched.

ASEAN has also said it opposed a non-binding United Nations resolution for an arms embargo on Myanmar. The EU already has a freeze on the sale and transfer of weapons to the country.

A further 14 high-ranking Myanmar military officials were sanctioned by the EU for serious human rights abuses against the Rohingya minority after some 700,000 of the Muslim ethnic group were violently expelled from Buddhist-majority Myanmar by security forces in 2017.

EU / Myanmar / sanctions

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Illustration: TBS
    Removal of Treasury chiefs: Panic or justified?
  • Infograph: TBS
    Here is how trade disputes pile up, wreak havoc on businesses
  • A road overflows with liquid effluent from pipelines connected to tannery factories. Due to the loadshedding, a number effluent pumping stations shut down at various points, leading to the water overflowing onto the roads and then reaching Dhaleshwari river untreated through surface drains. Photo: TBS
    Load shedding leads to Savar tannery waste overflows, environmental pollution

MOST VIEWED

  • Chicago Federal Reserve Bank President Charles Evans speaks during the Global Interdependence Center Members Delegation Event in Mexico City, Mexico, February 27, 2020. REUTERSEdgard Garrido
    Fed to raise interest rates to 4% next year: Chicago Fed President
  • FILE PHOTO A Terminal High Altitude Area Defense (THAAD) interceptor is seen in Seongju, South Korea, June 13, 2017. Picture taken on June 13, 2017. REUTERSKim Hong-Ji
    S Korea, China clash over US missile shield, complicating conciliation
  • In this file photo taken on March 2, 2019, Kim Yo Jong, sister of North Korea's leader Kim Jong Un, attends a wreath-laying ceremony at Ho Chi Minh Mausoleum in Hanoi. Photo: Hindustan Times
    Kim Jong Un's sister warns Seoul of 'retaliation' over Covid
  • he 35 MW plant has 1,37,520 solar panels and 12 central inverters – 3.125 MW each – to supply electricity to the national grid. Photo: Courtesy
    Cheaper, changing and crucial: The rise of solar power
  • Former Chancellor of the Exchequer Rishi Sunak walks for a radio interview in London, Britain, July 14, 2022. REUTERS/Toby Melville
    'I would rather lose than...': Rishi Sunak on UK prime minister race
  • Photo: Collected
    World's biggest ice sheet could cause massive sea rise without action: Study

Related News

  • The great European energy crisis is now coming for your food
  • Problems remain with Kaliningrad transit despite EU deal, Russia says
  • Russia keeps investors from 'unfriendly' nations frozen out
  • Russia starts stripping jetliners for parts as sanctions bite
  • EU likely to be inflexible to all GSP+ standards: German ambassador

Features

Shafia Siddiqi (left) and Simran Akter (right). Photo: Noor A Alam

Big dreams in small rooms: The aspiring nurses of Geneva Camp

31m | Panorama
Illustration: TBS

How to deal with toxic people at work

1h | Pursuit
Women were more likely to report leaving the workforce between March 2020 and September 2021 than their male counterparts. PHOTO: BLOOMBERG

Being single and smart is bad for your career if you are a woman

41m | Pursuit
Illustration: TBS

Removal of Treasury chiefs: Panic or justified?

2h | Panorama

More Videos from TBS

Is this a new horizon in medical science?

Is this a new horizon in medical science?

2h | Videos
Can sleep help you become successful?

Can sleep help you become successful?

2h | Videos
Military drills to prepare invasion, says Taiwan

Military drills to prepare invasion, says Taiwan

3h | Videos
Salimullah Khan on Ahmad Safa's thinking on nature

Salimullah Khan on Ahmad Safa's thinking on nature

13h | Videos

Most Read

1
Dollar crisis: BB orders removal of 6 banks’ treasury chiefs 
Banking

Dollar crisis: BB orders removal of 6 banks’ treasury chiefs 

2
Diesel price hiked by Tk34 per litre, Octane by Tk46
Energy

Diesel price hiked by Tk34 per litre, Octane by Tk46

3
Photo: Collected
Transport

Will Tokyo’s traffic model solve Dhaka’s gridlocks?

4
Infographic: TBS
Banking

Dollar rate will be left to market after two months: Governor

5
Arrest warrant against Habib Group chairman, 4 others 
Crime

Arrest warrant against Habib Group chairman, 4 others 

6
File Photo: State Minister for Power, Energy and Mineral Resources Nasrul Hamid
Energy

All factories to remain closed once a week under rationing system

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2022
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]