Insurance Post

Japan and South Korea petition EU for Iran sanctions exemption

oil

South Korea and Japan are asking the European Union to allow access to European insurance for Iranian oil shipments even after a 1 July embargo comes into effect, according to Al Arabiya news.

The publication quotes a statement from the Korean economic ministry saying: "To the EU members, we explained the problems that could be caused to non-EU members by the EU insurance embargo.

"In close

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