Buys Iranian oil.. China rejects US sanctions on "Teapots"
Declared ChinaOn Saturday, it said it would not comply with US sanctions imposed on five companies due to their purchase of Iranian oil.
China is a major buyer of Iranian oil, mainly through refineries called "Teapots" It is owned by individuals and relies on purchasing Iranian crude oil at discounted prices.
Expanded The United States, in an attempt to cut off revenues from Tehran, intensified sanctions on these refineries, and the Chinese Ministry of Commerce said in a decision that the American sanctions "They should not be recognized, implemented or complied with".
She added that the penalties "Improperly prohibits or restricts Chinese companies from carrying out economic, trade and related activities with third countries… and violates international law and basic standards governing international relations.".
Iranian crude oil
Chinese trade followed "The Chinese government has long opposed unilateral sanctions that lack a UN mandate and a basis in international law"
On Friday, Washington imposed sanctions on another Chinese company that it said had imported "Tens of millions of barrels" of Iranian crude oil, generating billions of dollars in revenue for Tehran.
The latest sanctions come amid a stalemate in talks between Washington and Tehran over a final end to the war that broke out with US-Israeli strikes on Iran on February 28.
US President Donald Trump is scheduled to visit China for talks with his counterpart Xi Jinping later this month.
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