US exempts 11 nations from Iran sanctions

From: RT – 21 March 2012

­The United States has exempted 10 European nations and Japan from its sanctions against Iran given their significant efforts to reduce their consumption of Iranian oil, Reuters reports. However, China and India, the top consumers of Iranian crude oil, were not included on the list, nor were Washington allies South Korea and Turkey. Under the sanctions designed to put more pressure on Tehran over its nuclear program, the US threatened to cut any nations dealing with Iran from its financial system. The 10 countries from the European Union, which has itself already decided to stop importing Iranian oil from July, were Belgium, Britain, the Czech Republic, France, Germany, Greece, Italy, the Netherlands, Poland and Spain.