Last remaining seats to the Jpost 2017 Annual Conference! Get your special offer now

US waives Iran sanctions for China, India, 7 others

ByREUTERS
December 7, 2012 22:41

After granting waivers to Japan, 10 EU countries, Obama administration gives 180-day waiver on Iran sanctions to 9 more countries; Clinton to Tehran: Cooperate with P5+1 or face increasing isolation, pressure.

An oil drilling rig [illustrative]

An oil drilling rig 311. (photo credit:Andrea De Silva / Reuters)

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.



Be the first to know - Join our Facebook page.



The sanctions aim to choke funding to Iran's nuclear program, which the West suspects is enriching uranium to levels that could be used in weapons. Tehran says the program is for civilian purposes.

Secretary of State Hillary Clinton said she would also granted the waivers, known as "exceptions" to South Korea, South Africa, Turkey, Sri Lanka, Malaysia, Singapore and Taiwan, the aide said.

Click here for full Jpost coverage of the Iranian threat

"Iran’s oil production fell by one million barrels per day in September and October 2012, compared to the same period in 2011," said Clinton. "This has reduced Iran’s export volumes and oil revenues, which fund not only the nuclear program but its support for terror and destabilizing actions in the region."

Clinton added: "The message to the Iranian regime from the international community is clear: take concrete actions to satisfy the concerns of the international community through negotiations with the P5+1, or face increasing isolation and pressure."

Jpost.com staff contributed to this report
Relevant to your professional network? Please share on Linkedin

Tags:
  • Iran
  • United States
  • china
  • india
  • Share this article via
    from around the web
    Related Content
    Bushehr nuclear Iranian
    August 5, 2014
    Iran and the bomb: The future of negotiations

    By YONAH JEREMY BOB

    Top Stories
    Israel Weather
    • 14 - 23
      Beer Sheva
      15 - 21
      Tel Aviv - Yafo
    • 10 - 18
      Jerusalem
      14 - 18
      Haifa
    • 17 - 32
      Elat
      16 - 25
      Tiberias