Obama extends certain sanctions against Myanmar

Thein seinUS President Barack Obama extended some economic sanctions against Myanmar for another year on May 13, telling the congress the step is needed despite some progress on reforms made by the country formerly known as Burma, Reuters reported.

Obama notified leaders of congress in a letter that he was renewing for another year the National Emergencies Act, which prohibits US businesses and individuals from investing in Myanmar or doing business with Myanmar figures involved in repression of the democracy movement since the mid-1990s.

Obama, who visited Myanmar in 2012, said the Myanmar government had made much advances in critical areas such as the release of more than 1,100 political prisoners, progress toward a nationwide ceasefire, the legalisation of unions and taking steps to improve the country’s labour standards.

However, he said, “Despite great strides that Myanmar has made in its reform effort, the situation in the country continues to pose an unusual and extraordinary threat to the national security and foreign policy of the United States.”



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US President Barack Obama extended some economic sanctions against Myanmar for another year on May 13, telling the congress the step is needed despite some progress on reforms made by the country formerly known as Burma, Reuters reported. Obama notified leaders of congress in a letter that he was renewing for another year the National Emergencies Act, which prohibits US businesses and individuals from investing in Myanmar or doing business with Myanmar figures involved in repression of the democracy movement since the mid-1990s. Obama, who visited Myanmar in 2012, said the Myanmar government had made much advances in critical areas...

Thein seinUS President Barack Obama extended some economic sanctions against Myanmar for another year on May 13, telling the congress the step is needed despite some progress on reforms made by the country formerly known as Burma, Reuters reported.

Obama notified leaders of congress in a letter that he was renewing for another year the National Emergencies Act, which prohibits US businesses and individuals from investing in Myanmar or doing business with Myanmar figures involved in repression of the democracy movement since the mid-1990s.

Obama, who visited Myanmar in 2012, said the Myanmar government had made much advances in critical areas such as the release of more than 1,100 political prisoners, progress toward a nationwide ceasefire, the legalisation of unions and taking steps to improve the country’s labour standards.

However, he said, “Despite great strides that Myanmar has made in its reform effort, the situation in the country continues to pose an unusual and extraordinary threat to the national security and foreign policy of the United States.”



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Personal Info

Donation Total: $10.00