US exempts India, China from Iranian sanctions

November 30, 2013 01:48

US today exempted some countries, including India and China, from the tough Iranian sanctions act as they continue to reduce their dependence on Iranian oil.

"I am pleased to announce that, based on additional significant reductions in the volume of their purchases of Iranian crude oil, China, India, the Republic of Korea, Turkey, and Taiwan have again qualified for an exception to sanctions...(under) the National Defence Authorisation Act (NDAA) for Fiscal Year 2012," Secretary of State John Kerry said in a statement.

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