US lifts sanctions on prominent Myanmar businessman

April 23, 2015 11:42 PM

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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.

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