Exclusive: EU agrees to sanction two companies close to Myanmar military, diplomats say

FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels, Belgium, March 24, 2021. REUTERS/Yves Herman

BRUSSELS/PARIS (Reuters) - The European Union has agreed to impose sanctions on another 10 individuals linked to the Feb. 1 coup in Myanmar and to target two businesses run by the armed forces for the first time in protest at the military takeover, two diplomats said.

The measures, which the diplomats said could take effect next week, would target two companies that generate revenue for the Myanmar Armed Forces. Reuters first reported preparations for the measures on March 8.