11 Countries Exempted From Iran Sanctions

State Department Exempts 11 Countries From Iran Sanctions -- The Cable/Foreign Policy

The State Department announced on Tuesday that it would exempt 10 European countries and Japan from penalties for doing business with Iran's central bank, because those countries are making significant progress toward weaning themselves off of Iranian oil.

"I am pleased to announce that an initial group of eleven countries has significantly reduced their volume of crude oil purchases from Iran -- Belgium, the Czech Republic, France, Germany, Greece, Italy, Japan, the Netherlands, Poland, Spain, and the United Kingdom. As a result, I will report to the Congress that sanctions pursuant to Section 1245 of the National Defense Authorization Act for 2012 (NDAA) will not apply to the financial institutions based in these countries, for a renewable period of 180 days," Secretary of State Hillary Clinton said in a Tuesday statement. "The actions taken by these countries were not easy. They had to rethink their energy needs at a critical time for the world economy and quickly begin to find alternatives to Iranian oil, which many had been reliant on for their energy needs."

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Administration grants exemptions on Iran sanctions -- FOX News
U.S. exempts 11 states from Iran sanctions; China, India exposed -- Reuters
U.S. Exempts Japan and 10 Other Countries From Sanctions Over Iran Oil -- New York Times
Iran sanctions: US gives exemptions to EU, Japan -- Politico/AP
Major nations could face economic sanctions over Iran oil buys -- L.A. Times
US to exempt EU, Japan on Iran sanctions -- AFP
India, China not spared from US sanctions on Iran oil -- Times of India