McCain urges US to keep sanctions on Burma's energy sector

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“The government needs to apply internationally recognized standards such as the IMF code of good practices on fiscal transparency,” she said. “Other countries could help by not allowing their own companies to partner with MOGE unless it was signed up to such codes.”

The State Department is currently weighing when and how to lift sanctions against Burma, also known as Myanmar, following a slew of political reforms — including democratic elections — this year. Some lawmakers have balked at the proposed sector-by-sector approach, calling it a "strategic mistake."

"We understand that as part of its review of sanctions policy, the administration is considering lifting sanctions sector by sector, with the possibility that sanctions may be retained on individual industries such as petroleum," Sens. Jim Webb (D-Va.) and James InhofeJames (Jim) Mountain InhofeOvernight Defense — Presented by Huntington Ingalls Industries — Trump nominates Shanahan as Pentagon chief | House panel advances bill to block military funds for border wall | Trump defends Bolton despite differences Trump nominates Shanahan as Pentagon chief Iran, Venezuela puts spotlight on Trump adviser John Bolton MORE (R-Okla.), the top Democratic and Republican senators on the East Asian affairs subpanel, wrote in a letter to Secretary of State Hillary ClintonHillary Diane Rodham ClintonDe Blasio pitches himself as tough New Yorker who can take on 'Don the con' From dive bars to steakhouses: How Iowa caucus staffers blow off steam Warren policy ideas show signs of paying off MORE last month. "The United States should not be picking winners and losers in our economic engagement abroad, but rather should be encouraging the business community as a whole to take on the risk of investing in human development in Burma.”