Bank Of Baku

Japan reduces Iran oil import

Japan reduces Iran oil import
# 12 January 2012 08:33 (UTC +04:00)
Baku. Azer Mustafayev – APA. “Japan decided to reduce the amount of oil imported from Iran, Japan finance minister Jun Azumi said in the press conference after meeting with U.S. Treasury Secretary Timothy Geithner, APA reports quoting “RIA Novosti”.

Azumi said that "We wish to take planned and concrete steps to further reduce this share, which now stands at 10 percent. The sanctions against Iran could badly influence to world and Japan’s economy.”

Treasury Secretary Timothy Geithner told Azumi that it was important to cut off the Iran National Bank from the international financial system, and to reduce the earnings Iran derives from its oil exports.
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