Tag Archives: Iran Nuclear Development

U.S. Exempts India from Iran Sanctions, but not China

Jun. 12 – The United States has exempted India and six other countries from sanctions after they significantly reduced their imports of Iranian oil. China, however, has been excluded from this exemption as the U.S. Obama Administration believes that the country has not taken substantial action to reduce its imports of Iranian oil. The U.S. is continuing its negotiations with China – Iran’s primary importer of oil. Under the U.S. sanctions, foreign financial institutions that are doing business with Iran’s central bank to purchase energy resources will be barred from U.S. financial markets. Exemptions on this sanction were given to … Continue reading

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