Clinton appreciates 11 countries’ efforts to reduce oil imports from Iran
Tuesday, June 12th, 2012 12:17:27 by Fayyaz Yaseen
Clinton appreciates 11 countries’ efforts to reduce oil imports from Iran
Washington: (Tuesday, June 12, 2012) Hillary Clinton, while appreciating 11 countries, including India, who have reduced their oil imports from Iran, has hinted for reporting the National Defense Authorization Act for Fiscal Year
2012 to not to be applicable on these countries.
She said, “Today 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. They
join the 11 countries for which I made this determination in March. As a result, I will report to the Congress that sanctions pursuant to Section 1245(d)(1) of the National Defense Authorization Act for Fiscal Year 2012 will not apply to their financial institutions
for a potentially renewable period of 180 days.”
She further said, “We have implemented these sanctions to support our efforts to prevent Iran from acquiring a nuclear weapon and to encourage Iran to comply with its international obligations. Today’s announcement underscores
the success of our sanctions implementation. 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.”
Expressing her country’s resolve to stop Iran from developing its nuclear arsenal capability, she said, “The United States remains committed to a dual-track policy that offers Iran the chance to engage seriously with the international community to resolve our
concerns over its nuclear program through negotiations with the P5+1. Iran has the ability to address these concerns by taking concrete steps during the next round of talks in Moscow. I urge its leaders to do so.”
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Posted by Fayyaz Yaseen
on Jun 12 2012. Filed under USA, World.
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