EU Imposes Additional Sanctions on Myanmar Coup Military Junta to "Cut Off Funding"

[Image source=Yonhap News]

[Asia Economy Reporter Yujin Cho] The European Union (EU) is set to approve financial sanctions against the Myanmar military junta that staged a coup.

According to major foreign media on the 16th (local time), Jean-Yves Le Drian, France's Minister of Foreign Affairs, announced that at the EU Foreign Ministers' meeting on the 22nd, discussions will be finalized to impose sanctions that financially impact those responsible for the coup.

Minister Le Drian stated that these sanctions will include a complete halt to all budgetary support to Myanmar and measures to target individuals involved with the Myanmar military and their economic interests.

EU officials, citing internal documents, reported that the EU's sanctions will target companies generating profits for or financially supporting the Myanmar military.

The EU has maintained an arms export ban to Myanmar since 2018 and has imposed sanctions on some senior military commanders.

Meanwhile, the Myanmar military continues its hardline response by sentencing numerous civil servants participating in the Civil Disobedience Movement (CDM) protests to prison terms.

The military government sentenced two brother police officers who participated in the CDM in the Ayeyarwady region to one year in prison each, and eight civil servants in the capital city of Naypyidaw to three months in prison each.

Since staging the coup on the 1st of last month, the military government has imposed large-scale suspensions or dismissals on medical personnel treating protesters injured in the bloodshed, as well as teachers, bank employees, and administrative civil servants.

This content was produced with the assistance of AI translation services.