US exempted India and China from Iranian Sanctions
US on 29 November 2013 exempted some countries, including India and China, from the tough Iranian sanctions for reducing their dependence on Iranian oil.
United States of America on 29 November 2013 exempted some countries, including India and China, from the tough Iranian sanctions for reducing their dependence on Iranian oil.
Secretary of State, John Kerry announced in a statement in Washington that other countries which have significantly reduced the purchases of Iranian crude oil are the Republic of Korea, Turkey, and Taiwan and these have qualified for an exception to sanctions under the National Defence Authorisation Act.
This move came after the decision made by US President Barack Obama that there is sufficient supply of non-Iranian oil for countries to continue to reduce import of oil from Iran.
This is the fourth time that these countries have qualified for an NDAA exception as a result of their continued significant reductions in the volume of crude oil purchases from Iran or their end to such purchases.
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