U.S. expected to extend waivers on Iran sanctions to India, China


  • World
  • Wednesday, 05 Jun 2013

A view of a petrochemical complex in Assaluyeh on Iran's Persian Gulf coast May 28, 2006. REUTERS/Morteza Nikoubazl

WASHINGTON (Reuters) - U.S. Secretary of State John Kerry is likely to renew waivers on Iran oil sanctions for India, China and several other countries as soon as Wednesday, in exchange for their reducing purchases of crude from the Islamic Republic, two government sources said.

The 180-day exceptions to the oil sanctions would be the third round since President Barack Obama signed the bill in late 2011.

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