U.S. faces deadline to sanction China over Iran
By Jamie Crawford
The United States faces a deadline Thursday of deciding whether to issue an exemption to Chinese banks and financial instituions, and other purchasers of Iranian oil, or move to cut them off from the U.S. financial system as punishment for not reducing their purchases of Iranian crude by significant amounts.
Under legislation signed by President Barack Obama on December, the United States will take action against countries that continue buying large volumes of Iranian oil through Iran's Central Bank by cutting off financial institutions engaged in those transactions from the U.S. banking system.
The legislation was signed with the goal of strangling the biggest source of revenue for the Iranian government as a way to get Tehran to halt work on segments of its nuclear program that many Western countries fear is being used to produce a bomb. Iran contends its nuclear program is purely for peaceful purposes.
To date, the United States has issued exemptions to 17 countries and Taiwan for reducing their purchases of Iranian oil and diversifying their supply to other countries. On Sunday, the European Union, one of Iran's biggest trading partners, will go ahead with a complete embargo on all purchases of Iranian crude.
Current estimates show a drop to between 1.2 million and 1.8 million barrels a day of Iranian oil since the sanctions were put into effect. Many U.S. officials say the sanctions have already had a devastating effect on the economy and were a main driver in persuading Iran to return to talks with the five members of the U.N. Security Council and Germany, the so-called P5+1, to reach a settlement to Iran's nuclear program.
"Iran is estimated to have lost approximately $10 billion in oil revenue, the Iranian currency has plummeted, and oil output has fallen to a 20-year low - and that is all before the U.S. and EU sanctions go into effect," Sen. Robert Menendez, D-New Jersey, said earlier this month in a statement. He is one of the authors of the legislation Obama signed.
India, Japan and Turkey, major purchasers of Iranian oil, have already been granted exemptions from U.S. sanctions because of their significant reduction in Iranian oil purchases. Another major importer, South Korea, announced earlier this week that it would completely halt its purchase.
But China, one of the largest purchasers of Iranian oil products, has been conspicuously missing from any U.S. exemptions from sanctions that by law must be made by Thursday. But even if China is not judged as compliant, it will still be some time before any sanctions take effect, according to an administration official. The official would speak only on the condition of anonymity because of the sensitivity of the issue.
Some analysts who follow the sanctions program closely think China will ultimately get an exemption.
Mark Dubowitz, with the Foundation for the Defense of Democracies in Washington, says China's imports of Iranian oil were down 20% to 25% from January to May this year from the previous year. "Technically on the basis of the law, the administration would be justified in granting an exemption," based on their reductions earlier this year, Dubowitz said.
While many analysts have attributed that drop to a contract pricing dispute between China and Iran, there are other reasons the U.S. might want to grant a waiver to China as well.
"I also think [the United States] is going to want to maintain P5+1 unity, and would not want to get into a major diplomatic spat with Beijing by sanctioning Chinese banks," Dubowitz said.
"We have had discussions with China; we continue discussions with China," on their purchases of Iranian oil, a senior administration officials told reporters in a conference call earlier this month after the latest round of sanctions waivers were announced. "It's been a very important partner in the P5+1 process. It's been committed to working with us to help Iran from acquiring a nuclear weapon."
The P5+1 talks seemingly stalled after the last session earlier this month in Moscow when a lack of progress on the issues prevented a follow-up round of political talks to be scheduled. While a meeting between the parties at the technical level is scheduled for next week in Istanbul, some analysts question whether Iran is even a genuine party to the talks despite the bite of sanctions.
"I think the administration is hoping that in the aftermath of the full implementation of the central bank sanctions and the impending implementation of the EU embargo on Iranian crude imports that that the Iranians will feel a greater imperative to give a little bit. I'm not persuaded that's the case," Suzanne Maloney, a senior fellow at the Saban Center for Middle East Policy at the Brookings Institution, told CNN.
For Maloney, Iran's insistence in negotiations that it would like to be rewarded for granting concessions over its nuclear program might serve as a predicate to how future talks and sanctions against the Islamic Republic are approached.
"Ultimately whether the Iranian logic offends us or not, I think that is very much the way they perceive their own security interests and if we want them to move, we have to be able to think more creatively about what it is the international community can do to give them incentives to do that."
With a review for those countries granted waivers under U.S. sanctions mandated every 180 days, analysts such as Dubowitz say the administration should call on countries to reduce their purchases by 30% to 40% before the next review. Current exemptions have been granted for reductions of 11% to 22%.
Congress is also considering additional legislation seeking to add provisions to current sanctions that would eliminate any possible loopholes Iran may use to run around the current set. One proposal on Capitol Hill would call for Iran's central bank to be labeled a proliferation concern and bar every financial transaction with the bank with the exception of humanitarian goods, thereby setting up a de-facto trade embargo of the country.
Another proposal would label Iran's entire energy sector a proliferating concern and thereby close existing loopholes that Iran uses to circumvent current sanctions by setting up alternative payment mechanisms for oil trade.
Regardless of what action may come, the current set of sanctions are dependent on the supplies in world oil markets to stay as loose as possible so U.S. and EU actions are not rolled back because of national security concerns.
"The most important thing is Saudi Arabia," Dubowitz said. "If the Saudis maintain their productions levels - that really is the key swing factor."
soundoff (721 Responses)
« Previous 1 2 3 4 5 6 7 Next »Leave a Reply to furniture repair shops near me
@natlsecuritycnn on Twitter
http://mambasana.ru/redir/?ocrv.world/fleet-truck-collision-repair-shop-near-me
https://www.c-sharpcorner.com/AdRedirector.aspx?BannerId=744&target=https://ocrvcenter.co/national-general-rv-collision-repair-shop-near-me
When I initially left a comment I seem to have clicked on the -Notify me when new comments are added- checkbox and now every time a comment is added I recieve 4 emails with the exact same comment. Perhaps there is an easy method you are able to remove me from that service? Many thanks!
http://clubs.london.edu/click?uid=24ce7c96-76b4-11e6-8631-0050569d64d5&r=http://hootnholler.net/rv-tv-show/
Oh my goodness! Awesome article dude! Many thanks, However I am encountering problems with your RSS. I don’t understand why I am unable to join it. Is there anybody having the same RSS problems? Anyone who knows the solution will you kindly respond? Thanx!!
http://sc.sie.gov.hk/TuniS/ocrvcenter.mobi/rv-repair-shop-barstow-california
http://t.raptorsmartadvisor.com/.lty?url=https://ocrvart.com/geico-rv-collision-repair-shop-near-me
An outstanding share! I've just forwarded this onto a colleague who was conducting a little research on this. And he actually bought me dinner simply because I found it for him... lol. So let me reword this.... Thank YOU for the meal!! But yeah, thanx for spending some time to talk about this topic here on your web site.
https://www.streetmap.co.uk/redirect.srf?id=toshibam&d=http://forkliftswildwestlifttrucks.com/gradall-forklift-repair-orange-county-california
Very good article! We are linking to this particularly great content on our website. Keep up the good writing.
https://mjsa.org/bg_track?id=43510&result_id=85140&url=https://ocrvcenter.net/rv-solar-panel-repair-near-me
Hello! I could have sworn I've visited your blog before but
after looking at a few of the articles I realized it's new to me.
Anyways, I'm certainly happy I discovered it and I'll be book-marking it and checking back often!
Here is my page; Judi Slot Deposit Pulsa
https://www.senwes.co.za/LinkTrack.aspx?i=Sat24LinkAF&url=https://bestlocalnearme.com
https://new-multimedia.inrap.fr/redirect.php?li=287&R=https://ocrv.world/rv-repair-shop-universal-city-california
http://clevacances032.clevacances.com/stat.php?langue=fr&id_location=HLOMIP032MS00786&agrement=32MS00786&type_location=meuble&id_departement=032&acces_site=1&url=https://ocrvluxurycoaches.com/motorhome-supplies-near-me
Oh my goodness! Incredible article dude! Thank you, However I am encountering issues with your RSS. I donít understand the reason why I am unable to join it. Is there anyone else getting identical RSS issues? Anybody who knows the answer can you kindly respond? Thanx!!
http://navi-ohaka.com/rank.cgi?mode=link&id=1&url=masternearme.com
http://ljc.jieju.cn/agent/rdandstat.aspx?url=https://ocrvcenter.org/rv-repair-shop-signal-hill-california
/
I like it when folks get together and share views. Great site, stick with it!
https://intranet.secure.griffith.edu.au/s/redirect?rank=10&collection=on-campus-search&url=https://mundodelamusicachile.cl/2016/02/29/poco-menos-de-media-hora-duro-la-conferencia-de-prensa-de-ana-torroja-en-el-hotel-sheraton-miramar-la-artista-promete-un/
Link Tip #1: Always put several links to one's website the
particular emails you return out. This is easier on up your eyes and attention span within the email representative.
Otherwise, you exploration readers a disservice.
I blog often and I seriously thank you for your information. This great article has really peaked my interest. I'm going to book mark your website and keep checking for new information about once per week. I subscribed to your Feed as well.
http://www.1000love.net/lovelove/link.php?url=https://todoparatuevento.com.mx/proveedor/lm-mobiliario/
Hello, just wanted to mention, I loved this post. It was practical.
Keep on posting!
http://efir24.tv/bitrix/rk.php?goto=http://www.affordableranking.com/
https://www.thumbnailseries.com/click.php?id=57480&u=https://www.affordableranking.com
Saved as a favorite, I really like your web site!
https://ielts.org/api/sitecore/RecognisingOrganisations/RegisterGoalAndRedirect?ROId=F1FCFC07-CD4C-451E-9FB1-85D2EDF276BA&link=https://www.affordableranking.com
https://www.ethanmackjackson.com/__media__/js/netsoltrademark.php?d=http://affordableranking.com
https://fis.com/fis/shared/redirect.asp?banner=6158&url=https://www.rankemailads.com
I'm extremely pleased to discover this great site. I need to to thank you for your time just for this wonderful read!! I definitely appreciated every bit of it and I have you book-marked to look at new information in your website.
https://amanmd.net/__media__/js/netsoltrademark.php?d=affordableranking.com
Hello, I do believe your web site might be having web browser compatibility issues. When I take a look at your blog in Safari, it looks fine but when opening in I.E., it has some overlapping issues. I just wanted to provide you with a quick heads up! Aside from that, wonderful site!
https://www.glowing.com/external/link?next_url=https://www.affordableranking.com/
https://www.triathlon.org/?URL=forkliftswildwestlifttrucks.com/hemet-forklifts
Webhost Reseller – Possess the big webhosts offer reseller business opportunity.
In many cases, when we log in order to the internet, we are
searching for a single thing. Guaranteed that that you acknowledge their answers.
http://www.yousticker.com/ru/domainfeed?all=true&url=http://www.affordableranking.com/
https://obabygear.com/__media__/js/netsoltrademark.php?d=affordableranking.com
I’m impressed, I must say. Rarely do I encounter a blog that’s both equally educative and interesting, and let me tell you, you have hit the nail on the head. The issue is something which not enough people are speaking intelligently about. Now i'm very happy that I stumbled across this during my search for something relating to this.
http://kebrt.webz.cz/download.php?url=http://forkliftswildwestlifttrucks.com/san-jacinto-forklifts
This blog was... how do you say it? Relevant!! Finally I have found something which helped me. Thank you!
http://oidhreacht.ie/webpilot/translate/lang.asp?url=http://affordableranking.com
/
I’m impressed, I must say. Rarely do I come across a blog that’s equally educative and engaging, and let me tell you, you've hit the nail on the head. The issue is something which not enough people are speaking intelligently about. I am very happy I found this in my hunt for something regarding this.
http://www.marianvarga.sk/scripts/redirect.php?https://ec2-54-249-99-185.ap-northeast-1.compute.amazonaws.com/blog/timlelliott/20140527115024.html
/
Having read this I believed it was rather informative. I appreciate you spending some time and energy to put this information together. I once again find myself personally spending way too much time both reading and posting comments. But so what, it was still worthwhile!
http://landofvolunteers.com/go.php?https://ocrvcenter.com/rv-generator-repair-near-me
http://zhhsw.com/home/link.php?url=http://guenterreiter.eu/index.php?option=com_phocaguestbook&view=phocaguestbook&id=1&Itemid=4&limitstart=62820
Yes! Finally something about masthi.
http://gunzblazing.com/hit.php?w=104026&s=10&p=2&c=&t=&cs=&tool=7&show_extra=1&u=http://ocrvart.com/rv-repair-shop-culver-city-california
/
This is a topic which is near to my heart... Best wishes! Exactly where are your contact details though?
http://www.kuper-kuper.com/__media__/js/netsoltrademark.php?d=affordableranking.com
http://www.bloke.com/cgi-bin/click.cgi?http://ocrv.biz/rv-repair-shop-maywood-california
Hi there! This article couldn’t be written any better! Going through this post reminds me of my previous roommate! He always kept talking about this. I am going to forward this information to him. Pretty sure he will have a great read. I appreciate you for sharing!
https://www.eatapples.net/__media__/js/netsoltrademark.php?d=www.affordableranking.com
http://he-web.com/rank.cgi?mode=link&id=6111&url=ocrvcenter.com/rv-sound-system-repair-near-me/
http://tantra-massage.de/go.php?url=http://affordableranking.com/
Good article. I will be experiencing a few of these issues as well..
http://www.czarymary.pl/lw/Redirect.php?url=https://ocrvcenter.com/rv-repair-shop-santa-fe-springs-california/
http://store.veganessentials.com/affiliates/default.aspx?Affiliate=40&Target=https://alatharnews.com/?p=2005&cpage=3
After exploring a few of the articles on your site, I seriously like your technique of blogging. I added it to my bookmark site list and will be checking back soon. Please visit my website as well and let me know your opinion.
http://ts.videosz.com/out.php?cid=101&aid=102&nis=0&srid=392&url=https://ocrvcenter.com/rv-repair-shop-arcadia-california/
An outstanding share! I've just forwarded this onto a colleague who has been conducting a little homework on this. And he actually ordered me lunch simply because I stumbled upon it for him... lol. So let me reword this.... Thank YOU for the meal!! But yeah, thanx for spending the time to discuss this subject here on your internet site.
/
https://office.builderall.com/us/franchise/share/1504715/?p1=rd&p2=https://ocrvcenter.com/motorhome-camera-repair-near-me
https://imperial-info.net/link?apps=16&idl=3&idp=271&idt=16&url=https://www.affordableranking.com/
Greetings! Very useful advice within this article! It is the little changes which will make the most important changes. Thanks a lot for sharing!
http://www.norrislakeexperts.com/search.html?url=https3a2f2faffordableranking.com
http://doterra.myvoffice.com/Application/index.cfm?&EnrollerID=1&Theme=Default&ReturnUrl=affordableranking.com
Howdy, I believe your website could be having web browser compatibility issues. When I look at your website in Safari, it looks fine however, if opening in I.E., it has some overlapping issues. I just wanted to give you a quick heads up! Besides that, great website!
https://ycaistock.com/home/link.php?url=https://ocrvcenter.com/industrial-vehicle-collision-repair-shop-near-me/
http://raceny.com/smf2/index.php?thememode=full;redirect=http3A2F2Faffordableranking.com
http://momoantena.com/redirect?url=https://ocrvcenter.com/passenger-truck-collision-repair-shop-near-me/
I’m amazed, I have to admit. Rarely do I come across a blog that’s equally educative and engaging, and let me tell you, you have hit the nail on the head. The problem is something that not enough men and women are speaking intelligently about. Now i'm very happy that I found this during my hunt for something concerning this.
/
Everything is very open with a precise description of the challenges. It was really informative. Your site is very helpful. Thanks for sharing!
http://www.top10.today/top10?url=https://affordableranking.com
https://genkidesuka.wp-x.jp/?wptouch_switch=desktop&redirect=https://ocrvcenter.com/rv-repair-shop-yucca-valley-california/
Aw, this was a very good post. Taking the time and actual effort to produce a really good article… but what can I say… I hesitate a lot and don't manage to get anything done.
http://forums.womenshealthmatters.ca/gynegals/index.php?app=analytics&module=analytics&controller=link&topic=115902&url=https://ocrvcenter.com/business-vehicle-collision-repair-shop-near-me
http://chaosns.com/link.php?url=ocrvcenter.com/rv-repair-shop-lancaster-california
Very good information. Lucky me I came across your website by chance (stumbleupon). I've saved as a favorite for later!
http://opensesame.wellymulia.zaxaa.com/b/66851136?s=1&redir=http://ocrvandtrucks.com/rv-repair-shop-manhattan-beach-california
http://kzsoft.to/rank.cgi?mode=link&id=1187&url=ocrvcenter.com/school-bus-collision-repair-shop-near-me
/
http://www.etracker.de/lnkcnt.php?et=qPKGYV&url=http://ocrvcenter.com/motorhome-supplies-near-me
https://media.stellantisnorthamerica.com/securedredirect.do?redirect=https://ocrvluxurycoaches.com/rv-repair-shop-beaumont-california
https://za.zalo.me/v3/verifyv2/pc?token=OcNsmjfpL0XY2F3BtHzNRs4A-hhQ5q5sPXtbk3O&continue=ocrv.fun/rv-upholstery-near-me
Everything is very open with a precise clarification of the issues. It was definitely informative. Your website is very helpful. Thanks for sharing!
http://czech-guide.aspone.cz/language.aspx?culture=cs-CZ&ReturnUrl=http://ocrvcenter.mobi/rv-cabinet-repair-near-me
It’s nearly impossible to find experienced people on this subject, however, you sound like you know what you’re talking about! Thanks
https://aro.lfv.se/ViewSwitcher/SwitchView?mobile=True&returnUrl=https://ocrvmotorcoaches.com/rv-repair-shop-gardena-california
Hello there, I do believe your website may be having browser compatibility issues. When I look at your web site in Safari, it looks fine however, when opening in Internet Explorer, it has some overlapping issues. I merely wanted to give you a quick heads up! Besides that, excellent website!
http://mailer.dt.co.kr/bin/checker?mode=5&module=11&mailidx=4275&dmidx=0&emidx=0&service=0&etime=20080227100001&seqidx=18963&objidx=16&url=https://ocrv.org/rv-repair-shop-chino-california
http://old.nepalimmigration.gov.np/site/languages/languageA/3?url=http://ocrvcenter.com/motorhome-collision-repair-near-me
I used to be able to find good info from your content.
http://www.bioscience.org/2017/v9s/af/474/fulltext.php?bframe=http://ocrvcenter.com/rv-repair-shop-corona-california
Saved as a favorite, I love your blog!
https://slack-redir.net/link?url=https://ocrv.us/rv-repair-shop-el-segundo-california
I've been browsing online more than three hours as of late, yet I never found
any attention-grabbing article like yours.
It's beautiful value enough for me. In my view, if all website owners and bloggers made good content as you probably did, the internet might be a lot more helpful than ever
before.
my webpage – luxury watch market
Hello! I've been following your blog for some time now and finally got the courage to go
ahead and give you a shout out from Kingwood Tx! Just wanted to tell
you keep up the fantastic job!
I used to be able to find good info from your blog articles.
http://register.scotland.org/Subscribe/WidgetSignup?url=https://ocrvcenter.com/rv-vinyl-wrap-repair-near-me/
https://store.law.com/linkredirector/default.asp?lrcat=BLOGNetwork&lrurl=http://ocrvmotorcoaches.com/rv-repair-shop-diamond-bar-california
This is a good tip particularly to those fresh to the blogosphere. Short but very accurate information… Appreciate your sharing this one. A must read article!
http://moe.gov.np/site/language/swaplang/1/?redirect=https://ocrvcenter.com/rv-repair-shop-malibu-california/
https://www.triathlon.org/?URL=http://postfallsfitness.com
https://pro.myseldon.com/redirect?url=http://masternearme.com
http://khazin.ru/redirect?url=http://bulknearme.com
https://track.affsrc.com/track/clicks/3171/c627c2b89e0522dbfe9cbd2e8d2b8914736245cb75e9f0ab416db1046005?t=https://www.masternearme.com/
http://www.cbs.co.kr/proxy/banner_click.asp?pos_code=HOMPY1920&group_num=2&num=2&url=http://internetmarketingmontana.com
Hi, I do think this is a great website. I stumbledupon it 😉 I may return once again since I book-marked it. Money and freedom is the greatest way to change, may you be rich and continue to guide other people.
http://www.tamiroom.com/bbs/cafe.php?mode=node&id=936&page=1&home=http://www.internetmarketingmontana.com
An intriguing discussion is definitely worth comment. I do believe that you ought to publish more on this subject, it might not be a taboo subject but generally folks don't speak about these subjects. To the next! Best wishes!!
https://tieba.baidu.com/mo/q/checkurl?url=http://internetmarketingwashington.com/
https://uonuma-kome.com/link/rank.cgi?mode=link&id=370&url=https://karyalins.blogspot.com/2020/04/how-to-remodel-travel-trailer-bathroom.html
This blog was... how do I say it? Relevant!! Finally I have found something which helped me. Appreciate it!
https://extraproxies.com/javascript-polymorphism-and-private-member-access/
Very good info. Lucky me I discovered your site by accident (stumbleupon). I have book marked it for later!
https://sso.siteo.com/index.xml?return=https://web-movimento.it/viewtopic.php?id=49845
You have made some decent points there. I looked on the internet to find out more about the issue and found most people will go along with your views on this website.
/
I read this article fully concerning the comparison of most recent and earlier technologies, it's awesome
article.
http://ladygamer.jp/ws/rank.cgi?mode=link&id=299&url=https://diplingpaedmediatorreiter.eu/index.php?option=com_phocaguestbook&view=phocaguestbook&id=1&Itemid=4&t=4700&limitstart=57800
Howdy! This article couldn’t be written any better! Looking through this post reminds me of my previous roommate! He always kept preaching about this. I most certainly will send this information to him. Fairly certain he'll have a very good read. Thank you for sharing!
/
/
http://drmshk.com/link.php?url=https://360branded.com
https://mugen.matrix.jp/cgi-bin/gate/rank.cgi?mode=link&id=97&url=https://optometristphoenixaz.com/
http://remontmix.ru/out?t=1&mid=19521&url=maseratis.net
https://mobile.vhda.com/director.aspx?target=https://wholesalenearme.com
whoah this weblog is wonderful i love readinjg yokur articles.
Keep uup the gokd work! You already know, many persons are
seartching round for this information, you can aid them greatly.
Remarkable! Its genuinely amazing piece of writing, I have got much clear idea concerning from this post.
https://www.paper.li/SharonLaMothe/1411841847?read=https://www.menmastermind.com
This is a topic that is close to my heart... Thank you! Where are your contact details though?
http://volkshilfe-salzburg.mobile-websites.at/?task=get&url=https://cool-air-tech.com