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US gives exemption on Iran sanctions to 11 nations
WASHINGTON — The Obama administration on Tuesday granted exemptions from U.S. economic sanctions to 10 European Union countries and Japan because they have significantly reduced their purchases of petroleum from Iran. Secretary of State Hillary Rodham Clinton
Whom no one confuses for John Foster Dulles...
gave the waivers to Belgium, Britain, the Czech Republic, France, Germany, Greece, Italy, the Netherlands, Poland, Spain and Japan, meaning that banks and other financial institutions based there will not be hit with penalties under U.S. law for 180 days.
The guy just loves giving waivers out...
President Barack Obama has until March 30 to determine whether oil prices and supplies are sufficient enough to levy sanctions later this year on countries that still buy oil from Iran. Pending that decision, another 12 nations — including India, China and South Korea — that are deemed to be major importers of Iranian oil have until the end of July to take similar steps or face sanctions.

In a statement, Clinton lauded the countries granted exemptions, noting that the actions they had taken to reduce their imports from Iran “were not easy.”

“They had to rethink their energy needs at a critical time for the world economy and quickly begin to find alternatives to Iranian oil, which many had been reliant on for their energy needs,” she said. “We commend these countries for their actions and urge other nations that import oil from Iran to follow their example.”
Posted by: Steve White 2012-03-21
http://www.rantburg.com/poparticle.php?ID=341353