{"id":9139,"date":"2012-03-21T03:21:39","date_gmt":"2012-03-21T01:21:39","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/update-5-us-exempts-11-states-from-iran-sanctions-china-india-exposed\/"},"modified":"2012-03-21T03:21:39","modified_gmt":"2012-03-21T01:21:39","slug":"update-5-us-exempts-11-states-from-iran-sanctions-china-india-exposed","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-5-us-exempts-11-states-from-iran-sanctions-china-india-exposed\/","title":{"rendered":"UPDATE 5-US exempts 11 states from Iran sanctions; China, India exposed"},"content":{"rendered":"

\t\t<\/span><\/p>\n

(Adds Japanese reaction to exemption)<\/span><\/p>\n

<\/span><\/p>\n

By Arshad Mohammed and Andrew Quinn<\/p>\n

<\/span><\/p>\n

WASHINGTON, March 20<\/span> (Reuters) – The United States on
\nTuesday exempted Japan and 10 EU nations from financial
\nsanctions because they have significantly cut purchases of
\nIranian crude oil, but left Iran’s top customers China and India
\nexposed to the possibility of such steps.<\/p>\n

<\/span><\/p>\n

The decision is a victory for the 11 countries, whose banks
\nhave been given a six-month reprieve from the threat of being
\ncut off from the U.S. financial system under new sanctions
\ndesigned to pressure Iran over its nuclear program.<\/p>\n

<\/span><\/p>\n

The list did not, however, include China and India, Iran’s
\ntop two crude oil importers, nor U.S. allies South Korea and
\nTurkey, which are among the top-10 consumers of Iranian oil.<\/p>\n

<\/span><\/p>\n

Japanese Finance Minister Jun Azumi welcomed the decision
\nand said Japan would continue to cut its imports of Iranian oil
\nat a set rate in the future.<\/p>\n

<\/span><\/p>\n

“The decision takes account of Japan’s steps on Iranian oil,
\nincluding its future response,” he told reporters at a regular
\nbriefing.<\/p>\n

<\/span><\/p>\n

A U.S. official held up Japan’s estimated 15-22 percent cut
\nin oil purchases from Iran in the second half of last year as an
\nexample for other nations, saying it did so after the “tragedy”
\nof the earthquake that caused the Fukushima nuclear disaster.<\/p>\n

<\/span><\/p>\n

“Japan was a model,” State Department Special Envoy and
\nCoordinator for International Energy Affairs Carlos Pascual told
\nlawmakers. “If Japan was able to do what it did … that should
\nbe an example to others that they could potentially do more.”
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

(Adds Japanese reaction to exemption) By Arshad Mohammed and Andrew Quinn WASHINGTON, March 20 (Reuters) – The United States on Tuesday exempted Japan and 10 EU nations from financial sanctions because they have significantly cut purchases of Iranian crude oil, but left Iran’s top customers China and India exposed to the possibility of such steps. […]<\/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-9139","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\/9139","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=9139"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9139\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}