EU agrees to suspend most Myanmar sanctions, keep arms embargo

The European Union agreed on Monday to suspend most of its sanctions against Myanmar for a year in recognition of sweeping democratic reforms after half a century of military rule, EU diplomats said.

The decision, due to go into effect later this week, was taken by EU foreign ministers at a meeting in Luxembourg. It rewards a dramatic shift in Myanmar that has seen veteran pro-democracy leader Aung San Suu Kyi reelected to parliament and a raft of repressive measures lifted. (Reuters)