U.S. extends Iran oil sanctions waivers to India, China, Korea

Image
Reuters WASHINGTON
Last Updated : Nov 30 2013 | 2:30 AM IST

WASHINGTON (Reuters) - The U.S. State Department extended six-month Iran sanctions waivers on Friday to China, India, South Korea and other countries in exchange for their reducing purchases of Iranian crude oil.

The State Department is required by U.S. sanctions law on Iran's disputed nuclear program to determine whether Iran's oil consumers have reduced their purchases. The decision on waivers comes even after the United States and five other global powers agreed in Geneva this month to ease some sanctions on frozen funds on Iran in exchange for Tehran's taking steps to curb its nuclear program.

"We will continue to aggressively enforce our sanctions over the next six months, as we work to determine whether there is a comprehensive solution that gives us confidence that the Iranian nuclear program is for exclusively peaceful purposes," Secretary of State John Kerry said in a statement.

(Reporting by Timothy Gardner; Editing by Sandra Maler)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 30 2013 | 2:23 AM IST

Next Story