YANGON, Oct. 8 (Xinhua) -- U.S. president Barrack Obama has announced lifting economic sanctions on Myanmar, following State Counselor Aung San Sun Kyi's visit to Washington last month, sources in Myanmar said Saturday.
Some dignitaries including business tycoons and former key military figures have been removed from the U. S. blacklist as a result.
Obama issued on Friday an executive order to ease economic sanctions on Myanmar.
The announcement removed economic and financial sanctions administered by the U. S. Department of the Treasury's Office of Foreign Assets Control (OFAC).
However, other sanction schemes remain, such as counter-narcotics sanctions.
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