Hillary Exempts 5 Asian Countries From Iran Sanctions?
"I have made the determination that seven economies -- India, Malaysia, Republic of Korea, South Africa, Sri Lanka, Turkey and Taiwan- have all significantly reduced their volume of crude oil purchases from Iran," Secretary of State Hillary Clinton said in a statement in Washington on Monday.
She said exemptions from US sanctions would be granted to these nations. In March, she made exemptions for European Union nations and Japan from tough new financial sanctions that kick into force later this month.
Clinton issued the statement in this regard hours before Indian External Affairs Minister SM Krishna was to arrive in Washington to co-chair the third India-US Strategic Dialogue along with his American counterpart.
News & Politics