Monday 11 June 2012

US exempts more nations from Iran sanctions - FT.com

The Obama administration said that seven more economies would be exempt from its Iran-related sanctions that come into force at the end of the month, but left open the prospect that China could still face sanctions.
The state department announced Monday that Turkey, India, Taiwan, South Korea, Malaysia, South Africa and Sri Lanka had all reduced purchases of Iranian oil by a large enough amount to be given a six-month exemption from the sanctions, which come into operation on June 28.

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