July 27, 2021

Japan appreciates "understanding" of the US by being excluded by sanctions on Iran

Japan appreciates "understanding" of the US by being excluded by sanctions on Iran



Japan today thanked the United States for having "understood" the position of the Tokyo government by agreeing to exclude it from sanctions applied to Iran and that could harm Japanese imports of oil.

The White House announced today that Japan and seven other countries (China, India, Italy, Greece, South Korea, Taiwan and Turkey) were exempt from sanctions on individuals, companies and Iranian entities for doing business with other nations.

"The Government (of Japan) considers that the US has made a decision understanding our basic position, and we will continue to exchange views closely between Japan and the US," said the Japanese government's spokesman, Yoshihide Suga.

In his daily press conference, Suga said that Japan had been insisting to the US so that such decisions "do not affect the activities of Japanese companies"

Japan imported 5.48% of its oil last year from Iran, for a total value of 392,539 million yen (3,037 million euros / 3,465 million dollars).

The main supplier of crude oil to Japan is Saudi Arabia, with about 40% of total Japanese oil purchases.

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