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Thu, Jul 18, 2019 | Last Updated 10:02 am IST

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Mike Pompeo announced Washington exempting India from sanctions on importing oil from Iran

Mike Pompeo announced Washington exempting India from sanctions on importing oil from Iran
Mike Pompeo announced Washington exempting India from sanctions on importing oil from Iran
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According to sources US Secretary of State Mike Pompeo said the US will continue to negotiate with India and the seven other countries receiving the six month exemption to get them to cut their Iranian imports to zero. Meanwhile the other countries receiving the exemptions Pompeo announced at a news conference with foreign correspondents in Washington were China, Greece, Italy, Turkey, South Korea, Taiwan and Japan.



Accordingly Treasury Secretary Steve Mnuchin said that his department was imposing sanctions on 700 individuals, entities, aircraft and ships. Previously in July, US President Donald Trump announced he was pulling out of the nuclear deal signed in 2015 by the five permanent members of the United Nations Security Council, Germany and the European Union with Iran to end its nuclear weapons program.

Mike Pompeo announced Washington exempting India from sanctions on importing oil from Iran

Furthermore Trump said the sanctions that had been lifted after the agreement would be re-imposed and the oil trade would be targeted starting Monday. Reports added Pompeo said that an important reason for the reimposition of the sanctions was Iran's promotion of terrorism and that it was aimed at curbing its "revolutionary" policies. Moreover Pompeo said the payments made by the oil importers under the exemptions would be put in a special account from which Iran could only make payments for purchases for humanitarian programs.


Mike Pompeo announced Washington exempting India from sanctions on importing oil from Iran
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