USA exempts SL and six other countries from economic sanctions

United States has exempted Sri Lanka and six other nations from US economic sanctions, after those countries have significantly reduced their volume of crude oil purchases from Iran, following US sanctions on oil purchases from the Middle Eastern countries.

Accordingly, along with Sri Lanka, India, Malaysia, Republic of Korea, South Africa, Turkey and Taiwan have been exempted from US economic sanctions.

These countries join 11 other countries, the USA exempted from its economic sanctions in March after taking steps to reduce petroleum imports from Iran.

United States Secretary of State Hillary Clinton said, these sanctions were implemented to support the US efforts to prevent Iran from acquiring a nuclear weapon and to encourage Iran to comply with its international obligation.

“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” added Clinton in a statement issued.

Advertisement