CNI New

27 Jan 2023

The divesting of a Norway fund from a Chinese company and an Indian firm that are selling weapons will have no impact on Myanmar, Director U Thein Tun Oo of the Strategic Studies told the CNI.

The move does not have any impact on relations between the neighbouring countries.

Modi and Xi.

U Thein Tun Oo said, " As the political situation of the world has changed, ties between Asian countries, especially which have common interests, have been stronger. Norway has not been able to have an influence on a country like ours, Norway has no influence on big powers like India and China. There is no significant impacts on ties between neighbouring countries like Myanmar, China and India.

Shares from the Chinese and Indian companies that sell weapons to Myanmar would be divested by the Norway Fund, the Norway Central Bank announced.

Breaking economic ties with the companies supporting the military is to be welcomed but the military will not reverse its course, Rakhine Politician U Pe Than told the CNI.

Weapons of the junta.

U Pe Than said, "Breaking ties with companies that support the junta is to be welcomed but the junta will not reverse its course in its own interests. However, it is still difficult for the junta to control the country. It is still difficult to predict whether they will listen to public voice or serve their own interests because it depends on their own decisions.

Norway said the selling weapons to Myanmar by the India and Chinese companies is very dangerous and violates international laws.

Currently, fighting has erupted between the junta and various ethnic armed groups including EAOs and PDFs in Karen State, Kayah (Karenni State), Chin State, Sagaing Region and Magway Region.