05:12 GMT +318 November 2018
Listen Live
    Iranian exhibitors stand in a booth during the opening of the fair Iran country presentation in Rome, Italy November 22, 2016

    Italy's Exemption From New Anti-Iranian Sanctions 'Was not Accidental' - Source

    © REUTERS / Tony Gentile
    Europe
    Get short URL
    111

    ROME (Sputnik) - The exemption from the new US sanctions against Iran granted to Italy is explained by the excellent state of bilateral relations between Rome and Washington, a source in the Italian government told journalists on Monday.

    A new batch of sanctions on Iran’s oil trade, shipping and banking came into being on Monday. The United States told foreign firms to stop doing business in the country or face penalties. Washington has exempted eight nations from the sanctions on importing oil, including Italy.

    "Of course, this decision was not accidental and is the fruit of an excellent state of relations between Italy and the United States. This is positive news for our companies," the source said.

    In May, US President Donald Trump announced that the United States would withdraw from the Iran nuclear agreement and re-impose sanctions against Tehran that were lifted under the accord.

    The first round of US sanctions was imposed in early August. On Monday, US Treasury Department added more than 700 individuals, organizations, aircraft and ships of Iran, including 14 of the largest banks, to the sanctions list.

    READ MORE: Pompeo Reveals Countries Exempt From Iran Oil Sanctions

    Related:

    US Allows Iran Temporary Continuation of Arak, Bushehr, Fordow Projects
    Iran Stages Massive Air Drills as US Sanctions Return – Reports
    France Proposes Boosting Euro in Retaliation Against US Sanctions on Iran
    US Coordinator Visits Saudi Arabia This Week for Iran Talks – State Dept.
    UK Will Continue Working With Iran Despite US Sanctions - Downing Street
    Tags:
    exemptions, sanctions, United States, Iran, Italy
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik