Global Geopolitics and Geoeconomics NewsRussia and China are blocking efforts at the UN Security Council to impose an arms embargo to Myanmar, as the international efforts to halt the violence in Myanmar is yet to yield results.
SOURCE: HUNDUSTAN TIMES
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Russia is increasing arms sales to Myanmar’s military and steadfastly standing by Myanmar’s coup leader, General Min Aung Hlaing, an alliance that will further Moscow’s foreign policy ambitions across Southeast Asia through future weapons sales, analysts said. They said they are not surprised Russia and China were backing a proposed ASEAN summit on the crisis.
SOURCE: VOA NEWS
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The European Union is preparing to impose new collective sanctions on the Myanmar military targeting its business interests. Russian Foreign Ministry warned Myanmar sanctions could lead to civil war.
SOURCE: STRAIT TIMES
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The European Union is set to approve sanctions against individuals tied to the Myanmar coup. The sanctions would mark the most significant EU response so far to the coup.
SOURCE: DW
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Indonesian President Joko Widodo and Malaysian Prime Minister Muhyiddin Yassin have called for the Association of Southeast Asian Nations (ASEAN) to convene an emergency summit to discuss the turmoil in Myanmar. How much ASEAN can do to resolve the crisis remains to be seen, however.
SOURCES: THE DIPLOMAT
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Asean military chiefs met to discuss regional and international security challenges and made plans to boost cooperation between their armed forces. They had “profound concerns” about the situation in Myanmar. Myanmar has been embroiled in political instability since the junta seized power and detained elected government leader Aung San Suu Kyi.
SOURCE: STRAIT TIMES
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The European Union has suspended its support for development projects in Myanmar to avoid providing financial assistance to the military after it seized power last month. The EU’s decision follows international condemnation of the Feb. 1 military coup in Myanmar that overthrew the elected government of Aung San Suu Kyi.
SOURCE: REUTERS
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The United States looks to build a coalition to further punish Myanmar’s generals, but it’s not having much success convincing governments in Asia to follow suit. No countries in the region so far have indicated they would support sanctions or any other measures that would hit the military’s finances. Asean, which is based on the principle of nonintervention, was ready “to assist Myanmar in a positive, peaceful and constructive manner”.
SOURCE: STRAIT TIMES
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Japan’s government is considering suspending new official development aid for Myanmar for the foreseeable future, in response to the February 1 coup. Meanwhile, the Japanese automotive giant Toyota’s decided to postpone the opening of a new plant in Myanmar, given the heightened political uncertainty that has followed the military takeover.
SOURCE: THE DIPLOMAT
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While Western nations condemn the military coup in Myanmar, India is taking a cautious approach as it bolsters its connectivity to Southeast Asia and attempts to curb China’s influence. Myanmar and India share a 1,600 km border, giving India a gateway to greater economic integration with Southeast Asia. The neighbors also share a 725 km boundary in the Bay of Bengal, where India aims to boost maritime security cooperation with Myanmar and other members of the Association of Southeast Asian Nations as part of a broader effort under the quadrilateral security dialogue.
SOURCE: NIKKEI ASIA
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