June 28, 2012 / 5:05 PM / in 6 years

EXCLUSIVE-US expected to grant Iran sanction exceptions to China

WASHINGTON, June 28 (Reuters) - The Obama administration is expected to extend exceptions on Iran financial sanctions to China and Singapore, perhaps as early as today, sources said.

“There should be an announcement today,” on China, Iran’s top buyer of crude, and Singapore which buys fuel oil from the OPEC member, said one of the sources, who works in the government. Earlier this month the administration granted exceptions to India and six other economies. Japan and 10 EU countries got the exceptions in March.

The sanctions seek to choke funding to Iran’s nuclear program which countries in the West believe is aimed at making weapons. Tehran says the program is only for power and medical purposes. (Reporting By Timothy Gardner and Arshad Mohammed; Editing by Sandra Maler)

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