US exempts Sri Lanka

12 June 2012 01:03 am - 43 - {{hitsCtrl.values.hits}}

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The United States on Monday exempted Sri Lanka and six other nations from U.S. economic sanctions after they significantly reduced their imports of Iranian oil, foreign media reported

Secretary of State Hillary Rodham Clinton also granted waivers to Malaysia, South Africa, India and Taiwan, meaning that banks and other financial institutions based there won’t be hit with penalties under U.S. law for a renewable 180-day period.

They join 11 countries - Belgium, Britain, the Czech Republic, France, Germany, Greece, Italy, the Netherlands, Poland, Spain and Japan - that Clinton in March determined had done enough to wean themselves from Iranian petroleum. Of major importers of Iranian oil, only China now remains without a U.S. waiver. It has until June 28 to reduce its consumption of Iranian oil or face the penalties unless it receives a national security waiver.

Clinton said in a statement that the exemptions are proof that sanctions aimed at pressuring Iran to come clean about its nuclear program are working. “Today’s announcement underscores the success of our sanctions implementation,” she said in a statement. “By reducing Iran’s oil sales, we are sending a decisive message to Iran’s leaders: until they take concrete actions to satisfy the concerns of the international community, they will continue to face increasing isolation and pressure.”

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Comments - 43

Tintin Tuesday, 12 June 2012 09:46 AM

If or when that happens, you will realize to your great dismay, that the 'known devil' was far better than the unknown.

Kondebandapucheena Tuesday, 12 June 2012 06:17 AM

If China and Russia not there I wonder what US will do to the world

Sapumal Bandara Tuesday, 12 June 2012 06:23 AM

Million Dollar Question - How long will America be able to dictate to the rest of the world, specially the poor countries on what to do?

mohhar Tuesday, 12 June 2012 06:57 AM

Madam Clinton, can't you advice to SL to reduce fuel price and relief innocent people’s cost of living little bit.

Hussain Tuesday, 12 June 2012 07:05 AM

All US brands these days, from computers to pencils are made in China.

Nimal Tuesday, 12 June 2012 07:43 AM

Hi Raj,

Be realistic. USA buys garments from China.......

faithless Tuesday, 12 June 2012 08:03 AM

I see no deference between clinton and Hitler.

Dingo Tuesday, 12 June 2012 08:28 AM

World need China to be more powerful..!

Minister Tuesday, 12 June 2012 09:18 AM

Very soon we will hear speeches of felicitation to Hilary from all over!!

realistic Tuesday, 12 June 2012 09:33 AM

Who says America is a world power? Don't forget that we are living in the 21st century.

bf Tuesday, 12 June 2012 09:27 AM

wonder world ?

Chandre Tuesday, 12 June 2012 06:13 AM

This is because, US wanted India to increase its fuel stocks in the country.

raj Tuesday, 12 June 2012 10:11 AM

How long will the rich dictate terms to the poor, how long will the poor slave for the rich, so the rich can get richer?

tarrin Tuesday, 12 June 2012 11:33 AM

This shows the extend of Sri Lankan politicians stupidness - led by Mr Weerawansa

Quinton Tuesday, 12 June 2012 01:05 PM

Pretty much as they do now.

Quinton Tuesday, 12 June 2012 01:06 PM

Ask the Chattering Classes in Colombo before looking overseas.

Quinton Tuesday, 12 June 2012 01:07 PM

All the while they are the biggest contributors to the IMF to which we go begging regularly with no shame.

Asoka Wednesday, 13 June 2012 02:40 AM

She knows 2012 November Presidential election Democratic party loosing, in advance she told this.

sahdi Wednesday, 13 June 2012 06:02 AM

U.S won the Toss

xlntgson Wednesday, 13 June 2012 06:43 AM

China and Russia won't obey US dictates!

ajith Wednesday, 13 June 2012 09:09 AM

Say yes to US then all barriers are removed!!!

Sanjeewe Tuesday, 12 June 2012 03:17 AM

dont you anybody think that there shoud be a some sort of force to control the world order

Hussain Tuesday, 12 June 2012 01:49 AM

Oh Thank you very much, we are very indebted to you Mrs Clinton for your kind gesture. We would not know what to do without you. Why do countries allow USA to determine their external foreign policy. USA trades with China, Russia and Vietnam all communist countries but not with poor Cuba. Its all double talk .

Tano Malaka Tuesday, 12 June 2012 02:00 AM

Very helpful and hope to get these benefits by reducing the fuel & gas

Amila G Tuesday, 12 June 2012 02:16 AM

Weerawansa can shout, Reality is US rules the world.

Hussain Tuesday, 12 June 2012 02:23 AM

We should buy our crude from any country that gives us the best terms and not be dictated by other countries. Is the USA going to give us oil at the same price as Iran? If not they should just ship out and leave us to our own decisions.

Fazli Tuesday, 12 June 2012 02:25 AM

I dont think it shows the success rate of SANATIONS but it only shows the success rate of INTIMIDATION.

raj Tuesday, 12 June 2012 02:50 AM

We should also stop selling our garments to USA. We have the right decide to whom we should sell our garments.

Jasitha Tuesday, 12 June 2012 03:08 AM

Though we dont like, we've to accept the US is the current super power. Should make policies accordingly. Get started NOW!

Gayan Samarasekara Tuesday, 12 June 2012 03:15 AM

We should decide against the possible nuclear intimidation to the world, because of the Iranian intractability. The problem is common to the entire world, in which Sri Lanka is a member. Iran should come to a peaceful path with rest of the world. In fact, China should also essentially pay immediate attention on the issue.

Ajith Tuesday, 12 June 2012 03:11 AM

They never said not to buy. What they said is , if we buy, they would go ahead with sanctions. Its we who decided, where to buy. If we can withstand US Sanctions, then we can go ahead and buy from Iran.. They decided for their benefits and we have to decide for our own.. We cannot decide based on our emotions...

Fazli Tuesday, 12 June 2012 03:18 AM

It will be good if everyone leave us alone. The fact is everybody want a pinch.

Nodrog Tuesday, 12 June 2012 01:44 AM

Weerawansa must be breathing a sigh of relief.

Bagalawathee Tuesday, 12 June 2012 03:45 AM

Thank you, uncle Sam.

Criclover Tuesday, 12 June 2012 03:50 AM

can we use US brands now...?

Countryman Tuesday, 12 June 2012 04:02 AM

As far as the phenomenon of "waiver" is there in order to get the waiver any country has to abide by USA's advises. t

mohan Tuesday, 12 June 2012 04:08 AM

sri Lanka made made decision , look at the counties listed above :)

Em Tuesday, 12 June 2012 04:12 AM

Were we sanctioned all these time due to dealing with Iran?

citizen Tuesday, 12 June 2012 04:14 AM

for the moment!

Sri Lankn Tuesday, 12 June 2012 04:32 AM

Their are will be excuse to increase the price of fuel soon. Cheers!

cramer Segami Tuesday, 12 June 2012 05:51 AM

How can the fuel priced lowered in SL, with increasing Exchange rate demads more Rupees to purchase crude oil?

Hasthi Tuesday, 12 June 2012 05:58 AM

And some people seems to be thrilled by that reality.

Reality also tells a lot more about America such as Vietnam, Iraq etc. Afghanistan cannot be helped if Osama indeed hatched the plan for 9/11 on his own. But even there, the life of the poor Afghans has no credible improvement, other than for the city dwellers.

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US exempts Sri Lanka

Comments - 43

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