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Bangkok Post
Bangkok Post
Business

World’s biggest fund cuts more firms linked to Myanmar

An injured Myanmar refugee is put on a stretcher before being transported to a hospital in Mae Sam Lap, after crossing the Salween River into Thailand while fleeing from air strikes in eastern Karen state in March 2021 following the February military coup. (Photo: Royal Thai Army via AFP)

Norway’s sovereign wealth fund, the world’s biggest, has dropped two companies from China and India for selling weapons to Myanmar, the Norwegian central bank said on Wednesday.

The fund said it had divested from AviChina Industry & Technology and Bharat Electronics due to the “unacceptable risk that the companies are selling weapons to a state that uses these weapons in ways that constitute serious and systematic breaches of the international rules on the conduct of hostilities”.

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