The EU is reportedly set to approve its first round of sanctions against officials responsible for the military coup in Myanmar on 22 March 2021. French Foreign Minister Jean-Yves Le Drian confirmed this was on the agenda at the next meeting of the EU Foreign Affairs Council whilst addressing the French Senate earlier this week.
Whilst technical discussions are being finalised in Brussels, it is understood that the measures will target companies “generating revenue for, or providing financial support to, the Myanmar armed Forces”. Le Drian also confirmed all budgetary support will be suspended, and that measures will target the individuals responsible and their economic interests.
The EU already maintains an arms embargo against Myanmar, and applied sanctions against specific senior military officers in 2018, but these will be the first significant measures since the coup earlier this year.