US extends Iran oil sanctions waivers to SL

30 November 2013 02:49 am - 13 - {{hitsCtrl.values.hits}}

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The U.S. State Department extended six-month Iran sanctions waivers on Friday to nine countries including Sri Lanka in exchange for their reducing purchases of Iranian crude oil earlier this year.

"I am pleased to announce that, based on additional significant reductions in the volume of their purchases of Iranian crude oil, China, India, the Republic of Korea, Turkey, and Taiwan have again qualified for an exception to sanctions," US Secretary of State John Kerry said in a statement on Friday.

Malaysia, South Africa, Singapore, and Sri Lanka have qualified again for the exception "because they no longer purchase crude oil from Iran," according to the statement.

The abovementioned states would be allowed to keep purchasing reduced amounts of Iranian crude oil for the next 180 days without any penalties from the US.

Under a 2012 law, Washington forced nations to stop buying Iranian oil or face sanctions based on allegations that Tehran’s nuclear program is not peaceful. However, the law allows the US to grant waivers to countries that reduce their purchases.

The Obama administration has not relaxed existing sanctions against Iran although Iran and six major powers reached a historic interim nuclear agreement in Geneva on November 24.

Kerry also said his country will continue to enforce its oil sanctions during the next six months.

"We will continue to aggressively enforce our sanctions over the next six months, as we work to determine whether there is a comprehensive solution that gives us confidence that the Iranian nuclear program is for exclusively peaceful purposes," he said.

This is while US President Barack Obama defended the six-month accord with Iran.

“We cannot close the door on diplomacy," Obama said. "We cannot commit ourselves to an endless cycle of conflict, and tough talk and bluster may be the easy thing to do politically, but it's not the right thing for our security."

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Comments - 13

Road runner Sunday, 01 December 2013 01:19 AM

It will come bake on next election time

UN-tidy Sunday, 01 December 2013 02:12 AM

How can US impose sanctions on countries? why UN was created? and by this US shows that China and Russia too are under Yankees control.

Suq Madique Sunday, 01 December 2013 02:17 AM

The US doesn't control...they dominate and bully.

pradeep Saturday, 30 November 2013 11:04 AM

US,EU,UK & Western influence UN, illogic dirty political policies are long & short term effect for the developing countries and future of their inhabitant, extremely innocent human lives.

deen Saturday, 30 November 2013 12:47 PM

Mr.raspi
its in our blood that we like everything free, i believe you you might have never been to west here in the west even you sleep you pay tax the government to function each and every citizen have to a tax every year depend on income we are charged accordingly average citizen pay roughly about 57% of their income as tax to government federal as well as provincial in US after paying all these if you don't have health insurance you die in the street
but in srilanka we have free medicare free education etc which you don't find in most part of the world we are bless with culture a kind of gifted people
dont expect everything free i understand its human nature greed our sri lankans are not greed but wants everything free

i am not a goverment supporter or opposition supporter i personally don't like politics
soory about if u misunderstand

only that

Cobra Saturday, 30 November 2013 12:58 PM

No matter oil prices here will be increased tomorrow together with gas- it's inevitable!

Ashiq Saturday, 30 November 2013 12:00 AM

we have to admit that US control us in many ways. via DM Android App

raspi Saturday, 30 November 2013 03:59 AM

Even if they give oil for free our fuel prices will never go down

ANTON Sunday, 01 December 2013 04:14 AM

KEYS OF MY KEY BOARD IS MARKED IN CAPITAL LETTERS ONLY

Deen Saturday, 30 November 2013 04:02 PM

Our nation has to suffer because of this ungrateful country.

Jagath Leanage Saturday, 30 November 2013 05:24 PM

Now, will we get Petrol and Diesel at a lesser cost and ease our C.O.L.?

ANTON Saturday, 30 November 2013 06:03 AM

IS DIGGING FOR THE EXPLORATION OF OIL IN SRILANKA NOT COMPLETED YET ?

capslokka Saturday, 30 November 2013 06:11 PM

Anthony, is your caps lock permanently on ?

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US extends Iran oil sanctions waivers to SL

Comments - 13

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