EXTERNAL ACTION / Myanmar

EU sanctions 10 Burmese officials, including Information Minister, and two conglomerates linked to military

Brussels, 19/04/2021 (Agence Europe)

The Council of the EU adopted on Monday 19 April sanctions against 10 Burmese officials and two conglomerates controlled by the Burmese army, the Myanmar Economic Holdings Public Company Limited (MEHL) and the Myanmar Economic Corporation Limited (MEC).

These conglomerates have subsidiaries and related businesses in various sectors of the economy, including banking, insurance, construction, trade, transport, mining, gem extraction, manufacturing and tourism. They are owned and controlled...