Economy - Voice of America: US Exempts China, Singapore From Iran Oil Sanctions

Economy - Voice of America economy-and-business

US Exempts China, Singapore From Iran Oil Sanctions Jun 28th 2012, 21:16 WHITE HOUSE -- The Obama administration has exempted China and Singapore from economic sanctions against countries that import oil from Iran.  The tougher U.S. sanctions took effect Thursday.   A statement from Secretary of State Hillary Clinton says China and Singapore have significantly reduced their imports of Iranian oil. As a result, banks in those two countries and 18 others will not be cut off from the U.S. financial system. U.S. officials say China has cut its imports ... Media files: A728EA49-5659-45E7-9856-DC73DDB99855_cx0_cy0_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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