http://www.thenews.com.pk/article-53855-US-exempts-India-from-Iran-sanctions
WASHINGTON : The US on Monday said it would exempt India and six
other countries from financial sanctions because they have significantly cut
purchases of Iranian oil.
Clinton said
exemptions would also be granted to South Korea ,
Turkey , Malaysia , South
Africa , Sri Lanka
and Taiwan , which join Japan and a number of European countries already
on the list of those exempted from Iran sanctions act that kicks into
force later this month.
Clinton issued
the statement in this regard hours before External Affairs Minister SM Krishna
was to arrive in Washington
to co-chair the third India-US Strategic Dialogue along with his American
counterpart.
“Iran
has the ability to address these concerns by taking concrete steps during the
next round of talks in Moscow .
I urge its leaders to do so,” Clinton
said.
“Today
I have made the determination that seven economies — India, Malaysia, Republic
of Korea, South Africa, Sri Lanka, Turkey and Taiwan — have all significantly
reduced their volume of crude oil purchases from Iran,” Secretary of State
Hillary Clinton said in a statement.
In her
statement, Clinton
said as a result of her determination, she will report to the Congress that
relevant sanctions will not apply to financial institutions of these countries.
“We have
implemented these sanctions to support our efforts to prevent Iran from acquiring a nuclear weapon and to
encourage Iran
to comply with its international obligations,” she said.
“Today’s
announcement underscores the success of our sanctions implementation. 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.
The US remains committed to a dual-track policy that
offers Iran
the chance to engage seriously with the international community to resolve our
concerns over its nuclear programme through negotiations with the P5+1, she
said.
“
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