Regarding Significant Reductions of Iranian Crude Oil Purchases

Press Statement

John Kerry, Secretary of State



The United States and the international community stand shoulder to shoulder in maintaining pressure on the Iranian regime until it fully addresses concerns about its nuclear program. That is why today I am pleased to announce that China, India, Malaysia, Republic of Korea, Singapore, South Africa, Sri Lanka, Turkey, and Taiwan have again qualified for an exception to sanctions outlined in section 1245 of the National Defense Authorization Act (NDAA) for Fiscal Year 2012, based on additional significant reductions in the volume of their crude oil purchases from Iran or for reducing those purchases to zero and remaining there. As a result, I will report to the Congress that exceptions to sanctions pursuant to Section 1245 of the NDAA for certain transactions will apply to the financial institutions based in these jurisdictions for a potentially renewable period of 180 days.

Today’s determination is another example of the international community’s strong and steady commitment to convince Iran to meet its international obligations. A total of 20 countries and economies have continued to significantly reduce the volume of their crude oil purchases from Iran or have completely eliminated such purchases. This determination takes place against the backdrop of other recent actions the Administration has taken to increase pressure on Iran, including the issuance of a new Executive Order on June 3. The message to the Iranian regime from the international community is clear: take concrete actions to satisfy the concerns of the international community, or face increasing isolation and pressure.


Iran Sanctions List of U.S. Department of Treasury


What related guidance does OFAC have on these sanctions?
Sanctions Brochures
Overview of Sanctions
Overview of Sanctions (text)
Important Advisories
Global Advisory to the Maritime Industry Regarding the Islamic Republic of Iran Shipping Lines
Advisory on the Presentation of Fraudulent Shipping Documents

Frequently Asked Questions
OFAC Frequently Asked Questions
Questions Regarding Executive Order 13599 (Blocking Property of the Government of Iran and Iranian Financial Institutions)
Questions Regarding the NDAA (Section 1245 of the National Defense Authorization Act for Fiscal Year 2012)
Questions Regarding the Executive Order 13606
Questions Regarding the Executive Order 13608 (Prohibiting Certain Transactions with and Suspending Entry into the United States of Foreign Sanctions Evaders with Respect to Iran and Syria)​
Questions Related to Executive Order of July 30, 2012, “Authorizing Additional Sanctions With Respect to Iran”
Questions Related to Treasury CISADA Findings Against Elaf Islamic Bank and Bank of Kunlun​
Questions Related to Determination Pursuant to Section 312 of the Iran Threat Reduction and Syria Human Rights Act
Questions Related to Section 4 of Executive Order „Authorizing the Implementation of Certain Sanctions Set Forth in the Iran Threat Reduction and Syria Human Rights Act of 2012 and Additional Sanctions with Respect to Iran“
Questions Related to the Iranian Transactions and Sanctions Regulations and the Statement of Licensing Procedure on Support Of Human Rights-, Humanitarian-, and Democracy-Related Activities With Respect to IranLies den Rest dieses Beitrags
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