Two Trump administration officials said on Friday that neither a wind-down period nor a short-term waiver on China’s oil purchases from Iran are being contemplated after Washington surprised Iran’s customers on Monday by demanding they halt the purchases by May 1 or face sanctions.
The administration has been clear to China, Iran’s top oil consumer, about no additional waivers to the sanctions after the ones granted last November, one of the senior officials said.
“They’ve known about it, so to my knowledge that’s not being contemplated,”said the official, adding that ultimately questions about any
wind-down period are for the State Department. The State Department did not immediately respond to a request for comment.
Under U.S. sanctions law, importers of Iranian oil including China, India and Turkey, could be allowed a wind-down period before getting to zero oil purchases, including a short-term waiver. Any wind-down measures would be different than the 180 day exceptions the Trump administration granted in November to China and seven other importers for significantly reducing oil purchases from Iran, measures set to end in May.
China has alternative oil suppliers including the United States and Saudi Arabia said the officials, who spoke on condition of anonymity.
Content retrieved from: https://www.ynetnews.com/articles/0,7340,L-5499999,00.html.
About The Author
