U.S. exempts 7 countries from Iran sanctions

PanARMENIAN.Net - Less than three weeks before stringent American sanctions intended to reduce Iran’s oil exports take effect, the Obama administration announced on Monday, June 11 that it would exempt seven major importers of Iranian oil - but not China - from the measures because these countries had “significantly reduced” their oil purchases from Iran, The New York Times reported.

Secretary of State Hillary Clinton announced that the administration had issued waivers to India, Malaysia, South Korea, South Africa, Sri Lanka, Turkey and Taiwan. They joined Japan and 10 European countries that the United States had previously said would be exempt from sanctions for six months.

“Today’s announcement underscores the success of our sanctions implementation,” Mrs. Clinton said in a statement. “By reducing Iran’s oil sales, we are sending a decisive message to Iran’s leaders: until they take concrete actions to satisfy the concerns of the international community, they will continue to face increasing isolation and pressure.”