The European Union has decided to sanction 10 individuals and two military-controlled companies, Myanmar Economic Holdings Public Company Limited (MEHL) and Myanmar Economic Corporation Limited (MEC) in relation to the military coup staged in Myanmar/Burma on 1 February 2021, and the ensuing military and police repression against peaceful demonstrators. The decision was taken by written procedure.
According to an EU Press release, “ The individuals targeted by sanctions are all responsible for undermining democracy and the rule of law in Myanmar/Burma, and for repressive decisions and serious human rights violations. The two sanctioned entities are large conglomerates that operate in many sectors of Myanmar’s economy and are owned and controlled by the Myanmar Armed Forces (Tatmadaw), and provide revenue for it. The adopted sanctions specifically target the economic interests of Myanmar’s military regime, which is responsible for the overthrow of Burma’s democratically elected government. Sanctions are crafted in such a way to avoid undue harm to the people of Myanmar.
Today’s decision is a sign of the EU’s unity and determination in condemning the brutal actions of the military junta, and aims at effecting change in the junta’s leadership. Today’s decision also sends a clear message to the military leadership: continuing on the current path will only bring further suffering and will never grant any legitimacy.
Restrictive measures, which now apply to a total of 35 individuals and two companies, include a travel ban and an asset freeze. In addition, EU citizens and companies are forbidden from making funds available to the listed individuals and entities.”