EU suspends development funds for Myanmar

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, officials said on Thursday.

The 27-nation EU informed a committee of the World Trade Organization that it had put on hold all development cooperation that would support the military authorities, a Geneva-based trade official said.

The European Commission, the EU executive, confirmed it had suspended the budgetary support, which in past years has involved more than €200 million ($240.7 million) in separate programmes often running typically for four years.

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