Earlier this month, the Obama administration extended economic sanctions against Burma for another year saying the step is necessary despite the progress on democratic reforms.
President Obama notified leaders of the Congress that, “The political opening remains nascent, and concerns persist regarding ongoing conflict and human rights abuses in ethnic minority areas, particularly in Rakhine State, and the continued role of the military in the country’s political and economic activities.”
The extension of sanctions, which comes with the renewal of the National Emergencies Act, prohibits American businesses and individuals from investing in Burma or doing business with Burmese figures involved in repression of the pro-democracy movement since the mid-1990s.
