Collector
China rejects US sanctions on refineries over Iran oil links | Collector
China rejects US sanctions on refineries over Iran oil links
Al Arabiya English

China rejects US sanctions on refineries over Iran oil links

China will not comply with US sanctions against five firms targeted for purchasing Iranian oil, Beijing’s commerce ministry said on Saturday.China is a key customer for Iranian oil, mainly through independent “teapot” refineries that rely on discounted crude from the Islamic Republic.For all the latest headlines, follow our Google News channel online or via the app.The United States, seeking to choke off revenue to Tehran, has ramped up sanctions on such refineries.The commerce ministry’s injunction, relating to sanctions announced separately since last year, states that the US measures “shall not be recognized, implemented, or complied with.”The sanctions “improperly prohibit or restrict Chinese enterprises from conducting normal economic, trade and related activities with third countries... and violate international law and the basic norms governing international relations,” the ministry said in a statement.“The Chinese government has consistently opposed unilateral sanctions lacking

Go to News Site