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U.S. Sanctions:Japan reduces Oil imports from Iran

U.S. Treasury Secretary; Timothy Geithner after talks with Japan’s finance minister in order to show the asian country support for U.S. sanction on Iran pledged … Continue reading U.S. Sanctions:Japan reduces Oil imports from Iran


Iran Sanctions

U.S. Treasury Secretary; Timothy Geithner after talks with Japan’s finance minister in order to show the asian country support for U.S. sanction on Iran pledged to reduce the oil imports from Iran henceforth.

Iran Sanctions

Japan relies on imports for its energy needs after the unfortunate nuclear incident Fukushima is at risk but decided to damn the consequences.

Geithner welcomed Tokyo’s cooperation, which could be an encouraging sign for U.S. foreign policy after China, a big buyer of Iranian crude, rebuffed U.S. appeals to starve Iran of much-needed revenue from oil sales.

Iran denies Western suspicions that its nuclear programme has military goals, saying it is for purely peaceful purposes.

Washington has rejected Iran’s assertion and signed into law last month new sanctions against financial institutions dealing with Iran’s central bank, its main clearing house for oil payments