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China likely to get waiver from tough US sanctions on Iran

IndoCarib

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WASHINGTON: US Secretary of State Hillary Clinton today said that China is moving in the direction of India on reducing its dependence on Iranian oil, hinting that Beijing too would get waiver from tough new US sanctions.

"We've seen China slowly but surely take actions, along with some other countries for whom it was quite difficult," Clinton told the Charlie Rose Show in a joint interview with former Secretary of State James Baker.

"I have to certify under American laws whether or not countries are reducing their purchases of crude oil from Iran, and I was able to certify that India was, Japan was, South Korea was. And we think, based on the latest data, that China is also moving in that direction," she said.

China alone buys 20 per cent of Iran's crude exports. The US has exempted a number of countries, Including India, from the new sanctions, which it may impose starting on June 28.

"Thankfully, there's been enough supply in the market that countries have been able to change suppliers," she said in response to a question.

Clinton said China and Russia is on board on the issue of Iranian nuclear programme. The West accuses Iran of trying to develop nuclear weapons, a charge denied by Tehran.

"One of the real successes of our diplomatic strategy toward Iran, which was to be willing to engage with them but to keep a very clear pressure track going, is that the Chinese and the Russians are part of a unified negotiating stance that we have presented to the Iranians," she said.

"The Iranians have been surprised. They have expended a certain amount of effort to try to break apart this so-called P-5+1, and they haven't been successful. The Russians and the Chinese have been absolutely clear they don't want to see Iran with a nuclear weapon," she said.

"They have to see concrete steps taken by Iran that are in line with Iran's international obligations. We have said we'll do action for action, but we have to see some willingness on the part of the Iranians to act first," she said.

"So I think it took three-plus years, because one of the efforts that we've been engaged in is to make the case that as difficult as it is to put these sanctions on Iran, and particularly to ask countries like China to decrease their crude oil purchases from Iran, the alternatives are much worse," Clinton said.

China likely to get waiver from tough US sanctions on Iran - The Economic Times

Looks like even china is finally toeing the US line :lol:
 
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And yet there is another thread, with Bloomberg as the source, that says ' China Crude Imports From Iran Climb To Highest This Year'.


That is ostrich behavior. Trying to hide the fact that china is giving in to US.

ostrich-head-In-Sand.jpg
 
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Look here, you have just proven to us outsiders that indians are really very jealous of China's success!

BTW, what has happened to your Shiny India, nothing good for you to report here? LOLOL.

If you dont have anything relevant to discuss the topic :wave:

Dont try to deflect
 
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:rolleyes::what::confused::argh::what::confused:


The true fact is the US can not do anything with China as Hilary always insists "How can you be tough with your banker?" This a way of letting the US off the hook.
 
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That is ostrich behavior. Trying to hide the fact that china is giving in to US.

What! Do you seriously think that anyone except indians here will believe in the news reported by an indian media?

Please, spare us from becoming a cuckoo like you guys here. But thanks, we rather trust the Bloomberg's one. LOLOL.
 
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What! Do you seriously think that anyone except indians here will believe in the news reported by an indian media?

Please, spare us from becoming a cuckoo like you guys here. But thanks, we rather trust the Bloomberg's one. LOLOL.


Yet imports in the first five months fell a quarter from a year ago, with U.S. Secretary of State Hillary Clinton saying China was slowly but surely taking action to cut reliance on Iranian crude. Total shipments for the year are expected to stay low as the country's top buyer rejected Tehran's offer of discounted oil.

China Iran oil imports recover, recoup earlier fall - chicagotribune.com
 
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LOL, latest news here:

China Crude Imports From Iran Climb to Highest This Year - Bloomberg


Yet imports in the first five months fell a quarter from a year ago, with U.S. Secretary of State Hillary Clinton saying China was slowly but surely taking action to cut reliance on Iranian crude. Total shipments for the year are expected to stay low as the country's top buyer rejected Tehran's offer of discounted oil.

China Iran oil imports recover, recoup earlier fall - chicagotribune.com


Judy Hua and Fayen Wong Reuters

6:15 a.m. CDT, June 21, 2012


that is the latest for you !

you must be the dumbest indian on PDF.
once again proving indian IQ is 81.

we had a pricing dispute with iran where we cut imports significantly in the first quarter and now that pricing dispute is resolved, the imports of iranian oil is recovering to previous levels gradually.

dont you people have schools in your country? how dumb can you get. im starting to suspect that 81 number is overestimating things, the true number could be around 70.


You should really remove this high IQ mask you are wearing and read !!!! Never mind for once it may reveal your real IQ

"Hillary Clinton saying China was slowly but surely taking action to cut reliance on Iranian crude"
 
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China Imports of Iranian Crude Fall in May, Customs Says

China’s imports of crude oil from Iran fell 2.3 percent from a year earlier to 2.22 million metric tons in May, according to data released today by the General Administration of Customs. Purchases were 1.59 million tons in April.

By Bloomberg News - Jun 21, 2012 2:30 AM GMT-0400

http://www.bloomberg.com/news/2012-...f-iranian-crude-fall-in-may-customs-says.html
 
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This is exactly I was saying couple of days ago

I was just thinking this is going to happen soon. They basically sanctioned Iran and then exempted the whole of Europe and Japan. In simple words, only non-Europeans was to suffer from sanctions against Iran :lol:

So I was hoping to see India and China being exempted too... China is the only major nation left and soon will get a waiver making the whole drama of sanctions useless.

couple of weeks ago, I was laughing with other oil traders that USA and Europe has a problem with Iran and they exempted themselves from the sanctions so what kind of sanctions are they :lol:
 
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