{"id":11345,"date":"2012-06-11T23:08:52","date_gmt":"2012-06-11T21:08:52","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/update-2-us-to-exempt-india-s-korea-others-from-iran-sanctions\/"},"modified":"2012-06-11T23:08:52","modified_gmt":"2012-06-11T21:08:52","slug":"update-2-us-to-exempt-india-s-korea-others-from-iran-sanctions","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-us-to-exempt-india-s-korea-others-from-iran-sanctions\/","title":{"rendered":"UPDATE 2-US to exempt India, S.Korea, others from Iran sanctions"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Adds waivers granted by U.S., Clinton quote)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">WASHINGTON, June 11<\/span> (Reuters) &#8211; The United States will<br \/>\nexempt India, South Korea and five other economies from<br \/>\nfinancial sanctions in return for significantly cutting<br \/>\npurchases of Iranian oil, Secretary of State Hillary Clinton<br \/>\nsaid on M on day.<\/p>\n<p><span><\/span><\/p>\n<p>China and Singapore did not receive such waivers, putting<br \/>\npressure on Iran&#8217;s top oil buyer and a major blender of the<br \/>\ncountry&#8217;s fuel oil, respectively.<\/p>\n<p><span><\/span><\/p>\n<p>Turkey, South Africa, Taiwan, Malaysia and Sri Lanka will<br \/>\nalso be exempted from the sanctions, Clinton said.<\/p>\n<p><span><\/span><\/p>\n<p>The sanctions, which the United States may impose starting<br \/>\nJune 28, aim to strangle Iran&#8217;s nuclear program by cutting<br \/>\nfunding from its oil industry. The United States and the<br \/>\nEuropean Union believe Iran is trying to build nuclear weapons.<br \/>\nTehran says the program is strictly for civilian purposes.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;By reducing Iran&#8217;s oil sales, we are sending a decisive<br \/>\nmessage to Iran&#8217;s leaders: until they take concrete actions to<br \/>\nsatisfy the concerns of the international community, they will<br \/>\ncontinue to face increasing isolation and pressure,&#8221; Clinton<br \/>\nsaid in a release.<\/p>\n<p><span><\/span><\/p>\n<p>Banks and other institutions in the economies that received<br \/>\nwaivers will be given a six-month break from the threat of being<br \/>\ncut off from the U.S. financial system under sanctions signed<br \/>\nlate last year by President Barack Obama.<\/p>\n<p><span><\/span><\/p>\n<p>Although China did not immediately receive a waiver, it does<br \/>\nnot necessarily follow that the United States will impose<br \/>\nsanctions on the country from June 28.<\/p>\n<p><span><\/span><\/p>\n<p>It was not immediately clear why China failed to get the<br \/>\nexemption. However, backers of tough sanctions on Tehran believe<br \/>\nChina has received clandestine cargoes of oil from Iran, which<br \/>\nhas disabled tracking devices on some of its shipments.<\/p>\n<p><span><\/span><\/p>\n<p>In March, the United States granted exceptions to Japan and<br \/>\n10 EU countries for significantly cutting purchases of Iranian<br \/>\npetroleum.\t<\/p>\n<p> (Reporting by Timothy Gardner, Susan Cornwell, Roberta Rampton<br \/>\nand Andrew Quinn; Editing by Sandra Maler and Dale Hudson)<\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Adds waivers granted by U.S., Clinton quote) WASHINGTON, June 11 (Reuters) &#8211; The United States will exempt India, South Korea and five other economies from financial sanctions in return for significantly cutting purchases of Iranian oil, Secretary of State Hillary Clinton said on M on day. China and Singapore did not receive such waivers, putting [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-11345","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=11345"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11345\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}