State Determines Exceptions for Iran Oil Import Sanctions
Secretary of State John Kerry determined India, Malaysia, China, South Korea, Singapore, South Africa, Sri Lanka, Taiwan, and Turkey qualify for an exception to U.S. sanctions on the importation of Iranian oil. The 180-day exception period began on Nov. 29, 2013. The sanctions and exceptions are outlined in the National Defense Authorization Act for Fiscal Year 2012, amended by the Iran Threat Reduction and Syria Human Rights Act.
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(Federal Register 1/15/14)