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US to exempt India, S.Korea, others from Iran sanctionsReuters ^ | June 11, 2012
Posted on 06/11/2012 1:16:13 PM PDT by Free ThinkerNY
WASHINGTON (Reuters) - The United States will exempt India, South Korea and five other economies from financial sanctions in return for significantly cutting purchases of Iranian oil, Secretary of State Hillary Clinton said on M on day.
China and Singapore did not receive such waivers, putting pressure on Iran's top oil buyer and a major blender of the country's fuel oil, respectively.
Turkey, South Africa, Taiwan, Malaysia and Sri Lanka will also be exempted from the sanctions, Clinton said.
The sanctions, which the United States may impose starting June 28, aim to strangle Iran's nuclear program by cutting funding from its oil industry. The United States and the European Union believe Iran is trying to build nuclear weapons. Tehran says the program is strictly for civilian purposes.
"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," Clinton said in a release.
(Excerpt) Read more at finance.yahoo.com ...
TOPICS: News/Current Events
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To: Free ThinkerNY
The US should add its own name to the exemption list.
S Korea imports Iranian oil for its refineries. Refineries make California spec gasoline which is shipped to the West Coast.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson
Skip to comments.
US to exempt India, S.Korea, others from Iran sanctionsReuters ^ | June 11, 2012
Posted on 06/11/2012 1:16:13 PM PDT by Free ThinkerNY
WASHINGTON (Reuters) - The United States will exempt India, South Korea and five other economies from financial sanctions in return for significantly cutting purchases of Iranian oil, Secretary of State Hillary Clinton said on M on day.
China and Singapore did not receive such waivers, putting pressure on Iran's top oil buyer and a major blender of the country's fuel oil, respectively.
Turkey, South Africa, Taiwan, Malaysia and Sri Lanka will also be exempted from the sanctions, Clinton said.
The sanctions, which the United States may impose starting June 28, aim to strangle Iran's nuclear program by cutting funding from its oil industry. The United States and the European Union believe Iran is trying to build nuclear weapons. Tehran says the program is strictly for civilian purposes.
"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," Clinton said in a release.
(Excerpt) Read more at finance.yahoo.com ...
TOPICS: News/Current Events
KEYWORDS:
To: Free ThinkerNY
The US should add its own name to the exemption list.
S Korea imports Iranian oil for its refineries. Refineries make California spec gasoline which is shipped to the West Coast.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson
john wayne gacy amr jack del rio fired jack del rio fired made in america made in america icam
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