Beijing China Chinese Dalian diplomacy Donald Trump Economy Hebei Iran Israel Oil Qingdao Religion Revenue Sanctions Shandong Tehran United Nations United States Washington Xi Jinping
BEIJING: China will not comply with US sanctions against five firms targeted for purchasing Iranian oil, Beijing’s commerce ministry said on Saturday (May 2). China is a key customer for Iranian oil, mainly through independent “teapot” refineries that rely on discounted crude from the Islamic Republic. 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 recognised, implemented, or complied with”. The sanctions “improperly prohibit or restrict Chinese enterprises from conducting normal economic,…
News Timeline:
Track the development of this news story across the Internet.