US waives Iran sanctions for China, India, 7 others

ByREUTERS
December 7, 2012 22:49

The United States granted 180-day waivers on Iran sanctions to China, India and seven other countries on Friday in exchange for those economies cutting purchases of oil from the Islamic Republic.

US President Barack Obama's administration is renewing waivers for all of Iran's major oil buyers, after granting them to Japan and 10 countries in the European Union in September.

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