US Exempts Russia, China from Iran Sanctions Bill

The White House has reportedly called on Congress to provide waivers in the Iran sanction bill that would allow Chinese and Russian companies to do business with Iran.

The Obama administration is pressing Congress to provide an exemption from sanctions against Iran for certain companies of "cooperating countries," Foxnews reported on Thursday.

Congressmen believe the decision is aimed at relieving concerns about possible penalties for Chinese and Russian companies and garnering Moscow and Beijing's support for a fourth round of sanctions against Iran in the UN Security Council.'

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