Thursday, June 28, 2012

Obama Admin. Gives China Sanctions Pass | Washington Free Beacon

Obama Admin. Gives China Sanctions Pass | Washington Free Beacon: The Obama administration may have granted China an exemption from a tough new round of Iran sanctions that went into effect today based on a fundamental misreading of the country’s motivations, congressional insiders warn.

During a conference call Thursday, senior Obama administration officials touted their success at convincing China to “significantly” reduce its oil imports from Iran. The reduction led the administration to grant China a 180-day exemption from a harsh new Iranian oil embargo meant to go into effect in the coming days.

“China has taken a 25 percent year-to-year reduction between January and May,” a senior administration official stated during the press call, which was conducted on background. “The Chinese have been an important partner. … We’ll continue to work with China.”

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