The Latest: Japan pleased to be spared sanctions penalties
A customer looks at items at Samsung shop in an electronics shopping mall in downtown Tehran, Iran, Monday, Nov. 5, 2018. Iran greeted the re-imposition of U.S. sanctions on Monday with air defense drills and a statement from President Hassan Rouhani that the nation faces a âwar situation,â raising Mideast tensions as Americaâs maximalist approach to the Islamic Republic takes hold. (Ebrahim Noroozi/Associated Press) November 6 at 5:47 AM
TEHRAN, Iran â" The Latest on the situation in Iran after the re-imposition of all American sanctions on the country (all times local):
Japan says it is pleased to be temporarily spared from penalties as the U.S. resumes sanctions on Iran.< p>Chief Cabinet Secretary Yoshihide Suga, however, told reporters Tuesday that Japan will monitor and analyze any possible impact the sanctions may have to make sure the sanctions do not adversely affect Japanese companies.
President Donald Trumpâs administration reinstated all remaining sanctions on Iran on Monday.
A U.S. ally, Japan is one of eight major importers of Iranian oil that received waivers on immediate penalties.
Suga said Japanâs exclusion reflects Washingtonâs consideration of Tokyoâs repeated requests to minimize the impact of sanctions on Japanese companies.
He said Japan will continue to cooperate closely and discuss the issue with the U.S. side.
The U.S.âs self-described âlargest-everâ sanctions list targeting Iran includes an oil tanker already sunk and a bank long since closed.
Iranian Foreign Minister Mohammad Javad Zarif late Monday in a tweet called the re-imposition of sanct ions a desperate move and said they target ordinary Iranians.
The sanctions by the U.S. Treasury Department target, among other things, the oil tanker Sanchi that sank in January after a week of burning off the coast of China, killing all 32 crew on board.
The list also includes Tat Bank, which was dissolved in 2012 over lack of transparency and financial charges.
South Koreaâs presidential spokesman says the U.S. has demonstrated the strength of the two countriesâ alliance by allowing South Korea to continue importing Iranian crude oil products under reinstated sanctions against Iran.
Kim Eui-kyeom spoke to reporters Tuesday after South Korea was named as one of eight countries that received waivers from the United States to continue importing Iranian crude and other petroleum products without penalty.
South Korean Trade Minister Kim Hyun-chong says the waiver âopens breathing roomâ for South Koreaâs oil refin ing industry and companies that export to Iran.
South Korea says it can also continue exporting non-sanctioned products to Iran after the United States agreed to recognize a transaction system where local companies receive payments through two Korean won-denominated accounts that Iranâs central bank opened in South Korea.
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