US eases sanctions, allowing investment in Myanmar
WASHINGTON (AP) — The Obama administration gave permission Wednesday for American companies to invest in Myanmar and work with its state oil and gas enterprise, a go-ahead that marks the most significant easing of U.S. sanctions against the former pariah nation.
But the decision exposes differences with democracy leader Aung San Suu Kyi, long a guiding force on U.S. policies toward Myanmar, which also is known as Burma. Last month she advised foreign companies not to invest in Myanma Oil and Gas Enterprise until it became more accountable and open.
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