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US lifts sanctions on prominent Myanmar businessman

WASHINGTON (AP) — The Treasury has removed a prominent Myanmar businessman from a blacklist that had barred him from doing business in the United States.

The beneficiary, Win Aung, is president of Myanmar’s main business association. Treasury also removed two companies of the Dagon Group that he heads off the sanctions list. The Dagon Group has interests in timber, rubber, energy and construction.

The Obama administration rolled back trade and investment sanctions against Myanmar in 2012 to reward its shift from direct military rule, but the U.S. still forbids business dealings with some individuals and companies, mostly officials and cronies of the former regime.

State Department spokeswoman Marie Harf said Thursday that the U.S. has made clear that those sanctioned can seek delisting by demonstrating “they have taken positive steps and changed behavior.”

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