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US indicates sanctions waiver extension on Iranian crude purchase

Gasoil News - Published on Fri, 15 Mar 2019

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Sputnik reported that the US may provide relief to eight countries, allowing them to continue purchasing Iranian crude oil as per the significant reduction exemptions (SRE) a waiver on sanctions awarded to them earlier. Trump administration indicated that the sanctions waiver may continue to be in operation even after the six-month period expires. It nevertheless will continue working with the SRE recipients to end imports of Iranian crude.

A US State Department spokesperson conveyed to media outlet The Hindu "Each of those jurisdictions had already demonstrated significant reductions of the purchase of Iranian crude over the past six months, and indeed two of those eight already completely ended imports of Iranian crude and will not resume as long as the sanctions regime remains in place. We continue working with the remaining SRE recipients to end imports of Iranian crude."

India and the US discussed the sanction waiver issue in a meeting held between Indian Foreign Secretary Mr Vijay Gokhale and Secretary of State Mike Pompeo on Monday in Washington. The Foreign Office consultation meeting between the two countries on Tuesday had this as one among its points of discussion. The discussions also involved counter-terrorism cooperation along with the Afghanistan and Venezuela issues.

A statement issued by the US Department of State read "They also discussed counterterrorism cooperation and a range of global and regional issues of mutual interest, including the current situation in Afghanistan, DPRK, Iran, and Venezuela."

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Posted By : Rabi Wangkhem on Fri, 15 Mar 2019
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