China shrugs off US sanctions on Iranian crude
‘Washington’s unilateral bans breach int’l law, norms’
China will not comply with US sanctions against five firms targeted for purchasing Iranian oil, Beijing's Commerce Ministry said on Saturday.
China's Ministry of Commerce on Saturday issued a ban prohibiting any recognition, enforcement or compliance with US sanctions imposed on five Chinese companies on the grounds of their alleged involvement in Iranian petroleum transactions, Xinhua reported.
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, according to channelnewsasia.com.
The 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 UN authorization and a basis in international law."
The injunction applies to three companies in Shandong Province - Shandong Jincheng Petrochemical Group, Shandong Shouguang Luqing Petrochemical and Shandong Shengxing Chemical - and two others based elsewhere in China, Hengli Petrochemical (Dalian) Refinery and Hebei Xinhai Chemical Group.
Washington imposed on Friday sanctions on yet another Chinese firm which it said had imported "tens of millions of barrels" of Iranian crude oil, generating billions of dollars in revenue for Tehran.
The firm, Qingdao Haiye Oil Terminal, was not mentioned in the commerce ministry's injunction.
The latest sanctions come as Washington and Tehran have been locked in a diplomatic standstill, with no permanent resolution in sight for the conflict that erupted with US-Israeli strikes on Iran in late February.
US President Donald Trump is due to visit China for talks with leader Xi Jinping later this month.