EU suspends Myanmar sanctions after reforms
The European Union on Monday suspended its sanctions against Myanmar for a year following a wave of widely praised political reforms in the country, but will retain an embargo on arms sales, officials said.
The EU wants to support the progress made in the southeastern Asian nation “so it becomes irreversible,” said foreign policy chief Catherine Ashton. She will travel to Myanmar, also known as Burma, this week.
The measure were adopted by the bloc’s foreign ministers at a meeting in Luxembourg, said spokeswoman Maja Kocijancic. Sanctions currently target more than 800 companies and nearly 500 people, and include the withholding of some development aid.