Hirunews Logo
HiruNews
HiruNews
HiruNews
6+month+waiver+on+the+sanctions+on+Iranian+oil
Saturday, 30 November 2013 - 7:49
6 month waiver on the sanctions on Iranian oil
21

Shares
2,624

Views
The U.S. State Department extended six-month Iran sanctions waivers on Friday to China, India, South Korea, Sri Lanka and other countries in exchange for their reducing purchases of Iranian crude oil earlier this year.

Under a law governing sanctions imposed on Iran's disputed nuclear program by the United States, the State Department is required to determine whether the Islamic Republic's oil consumers have reduced their purchases.

The decision comes even after the United States and five other global powers, known as the P5+1, agreed in Geneva this month to ease Iran's access to about $4.2 billion in foreign currency reserves for six months in exchange for Tehran's steps to curb its nuclear program.

The waivers, which the State Department calls exceptions, mean that banks in the consuming countries will not face being cut off from the U.S. financial system for the next six months.
Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
You may also like :
HiruNews
Thursday, 16 August 2018 - 16:24
Mangroves play a critical role in maintaining the ecological balance in Sri Lanka's coastal areas.However, some money-hungry people do not understand this.Our... Read More
HiruNews
News Image
Hiru News Programme Segments
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
116 Views
HiruNews
HiruNews
HiruNews
1,255 Views
HiruNews
HiruNews
HiruNews
6,773 Views
HiruNews
HiruNews
HiruNews
17,032 Views
HiruNews
HiruNews
HiruNews
104 Views
HiruNews
HiruNews
HiruNews
45,445 Views
Top