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US removes penalties against Myanmar`s President

The US Treasury has removed Myanmar`s President, Thein Sein, from a list of individuals who are barred from doing business or owning property in America.

Updated: Sep 19, 2012, 23:54 PM IST

Washington: The US Treasury has removed Myanmar`s President, Thein Sein, from a list of individuals who are barred from doing business or owning property in America.

The announcement comes as Myanmar`s opposition leader, Aung San Suu Kyi, is on a high-profile trip to the US that is expected to include a private meeting today with President Barack Obama.

The Obama administration wants to balance its praise for Suu Kyi with credit for Thein Sein, who`s been key to Myanmar`s democratic reforms.

The speaker of Myanmar`s lower house of parliament, Thura Shwe Mann, also was removed from the list. He was the third-ranking member in Myanmar`s former ruling junta. Thein Sein was prime minister.
PTI