South Korea has asked the United States for “maximum flexibility” on its request for a waiver to prevent South Korean companies from being affected by…
South Korea has asked the United States for “maximum flexibility” on its request for a waiver to prevent South Korean companies from being affected by renewed US sanctions against Iran, the Foreign Ministry said.
The sanctions against Iranian crude oil exports are set to take effect on Nov. 5 as part of President Donald Trump’s efforts to force Tehran to accede to a more restrictive deal on curbing its nuclear and missile program.
South Korea, a US ally and one of Asia’s biggest buyers of Iranian oil, has already stopped crude imports from Iran. South Korean building firms have also canceled energy-related contracts in Iran due to financing difficulties.
Foreign Minister Kang Kyung-wha asked for the exemption in a telephone call with US Secretary of State Mike Pompeo late on Monday, the ministry said in a statement.
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“Minister Kang requested the US side exert maximum flexibility so that South Korea can secure an exemption to minimize the damage to our companies,” the ministry said.
