News

May 13, 1998

Statement by the Press Secretary

                         THE WHITE HOUSE

                                Office of the Press Secretary
                             (Berlin, Germany)
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For Immediate Release                                         May 13, 1998

                    Statement by the Press Secretary

                                    INDIA SANCTIONS

     On Wednesday, May 13, 1998, the President reported to Congress that he
had imposed sanctions on India as a consequence of that country?s May 11
nuclear test explosion.  These sanctions were required by Section 102 of
the Arms Export Control Act, otherwise known as the Glenn Amendment.  The
sanctions imposed are as follows:

     *termination of assistance under the Foreign Assistance Act of 1961,
except for humanitarian assistance for food or other agricultural
commodities:

     * termination of sales of defense articles, defense services, or
design and construction services under the Arms Export Control Act, and
termination of licences for the export of any item on the United States
munitions list:

     *termination of all foreign military financing under the Arms Export
Control Act:

     *denial of any credit, credit guarantees, or other financial
assistance by any department, agency or instrumentality of the United
States government:

     *the United States opposition to the extension of any loan for
financial or technical assistance by any international financial
institution:

     *prohibiting United States banks from making any loan or providing any
credit to the government of India, except for the purposes of purchasing
food or other agricultural commodities; and

     *prohibiting export of specific goods and technology subject to export
licensing by the Commerce Department.

     Finally, the Secretary of State is making a similar determination
under Section 2 (b) (4) of the Export-Import Bank Act of 1945; thereafter,
the Board of Directors of the Export-Import Bank may not give approval to
guarantee, insure, or extend credit, or participate in the extension of
credit in support of United States exports to India.

                              END