Japan will slash its crude purchases from Iran by almost 80 percent in April compared to the first two months of the year as buyers comply with Western sanctions, trade sources said.
The cuts, amounting to 250,000 barrels per day, are the steepest yet by the four Asian nations who buy most of Iran's 2.2 million bpd of exports, as tightening sanctions make it tough to pay, ship and insure the oil.>>>
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Switzerland is not taking sanctions seriousby Arash Kamangir on Thu Apr 19, 2012 02:08 AM PDT
We all know that most of iranian earnings from oil is run over Switzerland based ( Naftiran intertrade company Turn over $25billion in 2011 alone) and that is why switzerland continue to do business(as usuall) with IR.