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Sri Lanka’s Iran oil sanctions exemption extended

US Secretary of State John Kerry has announced an extension on exemptions from sanctions on oil purchases from Iran.

As President Obama has made clear, the United States will continue to vigorously implement our existing sanctions on Iran as the P5+1 seeks to negotiate a comprehensive deal with Iran that will resolve the international community’s concerns regarding Iran’s nuclear program,” he said in a statement.

"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,

“Additionally, Malaysia, South Africa, Singapore, and Sri Lanka have also qualified again for the NDAA exception because they no longer purchase crude oil from Iran,

“The effectiveness of the international sanctions regime has proven essential in bringing Iran to the table to negotiate and agree to the Joint Action Plan that, for the first time in nearly a decade, halts the progress of the Iranian nuclear program and rolls it back in key areas.

We will continue to aggressively enforce our sanctions over the next six months, as we work to determine whether there is a comprehensive solution that gives us confidence that the Iranian nuclear program is for exclusively peaceful purposes.”

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