Wednesday, 21 March 2012 18:09

Exemptions on Iran Sanctions show U.S. retreat

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TEHRAN - The fact that the United States has granted exemptions from economic sanctions on Iran to a number of countries shows Washington’s retreat from its previous decisions, Iranian MP Kazem Jalali said on Wednesday. 

On Tuesday, U.S. Secretary of State Hillary Clinton gave the waivers to Belgium, Britain, the Czech Republic, France, Germany, Greece, Italy, the Netherlands, Poland, Spain, and Japan, meaning that banks and other financial institutions based there will not be hit with penalties under U.S. law for 180 days, according to CBS News.

Tehran Times article

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