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To calm nervous allies, America should also grant an exemption from sanctions to refineries, shippers and traders from countries that the administration has permitted to keep buying Iranian oil.
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We need exemptions from sanctions and voluntary participation as a safeguard for all the most vulnerable groups.
It should state clearly that corporate interests in making profits from cigarettes are not sufficient to warrant exemptions from sanctions on state sponsors of terrorism.
It is not clear whether they too will receive exemptions from sanctions that would bar financial transactions with American companies and government agencies.
European investors had to apply for exemptions from sanctions from their respective governments.
"The UK's exemption from the sanctions proposal will be explicit.
(Like other foreign companies with investments in Iran, Eni has an exemption from U.S. sanctions as long as it doesn't increase its activity there).
These countries are now exempt from sanctions.
Iran's major Asian buyers of crude that were paying into the bank also had to cut up to 20% of their imports in order to win exemptions from these sanctions.
Exemptions from new sanctions, including the inspection process, are made for "transactions that are determined to be exclusively for livelihood purposes and unrelated to generating revenue for the DPRK's nuclear or ballistic missile programs," and other activities prohibited in previous resolutions.
The immunity from sanction is specific, not general.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com