The measures, which the diplomats said could take effect next week, would target two companies that generate revenue for the Myanmar Armed Forces. The EU declined to comment, and no one at Myanmar’s mission to the EU in Brussels could be reached for reaction. EU foreign ministers will discuss their strategy on Monday in a regular meeting. French Foreign Minister Jean-Yves Le Drian said on April that a new round of sanctions, including on companies, were coming. They rank among the country’s biggest taxpayers and sought partnerships with foreign companies as Myanmar opened up during the democratic liberalization.

Source: bd News24 April 15, 2021 14:26 UTC