March 20, 2012 / 5:47 PM / 5 years ago

US exempts Japan, 10 EU nations from Iran sanctions

WASHINGTON, March 20 (Reuters) - The United States plans to exempt Japan and 10 European Union nations from new U.S. financial sanctions because they have significantly reduced their purchases of Iranian crude oil, three sources familiar with the matter said on Tuesday.

Reporting by Arshad Mohammed; Editing by Anthony Boadle

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