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U.S. Waiver Offers Grace Period to Wind Down Business with COSCO Tanker Units

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cosco tankerWASHINGTON, Oct 24 (Reuters) – The U.S. Treasury Department on Thursday issued a nearly two-month waiver for companies to wind down transactions with a Chinese tanker company it sanctioned last month for allegedly transporting Iranian oil. The waiver, good through Dec. 20, allows “maintenance or wind down of transactions” including offloading non-Iranian crude oil involving […]

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