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 by Staff Writers Washington (AFP) July 22, 2019
The United States is placing a leading Chinese oil importer on its sanctions blacklist for trading in Iranian crude, Secretary of State Mike Pompeo announced Monday. "As part of that maximum pressure campaign, I am announcing that the United States is imposing sanctions on the Chinese entity Zhuhai Zhenrong and its chief executive Youmin Li," Pompeo said in a speech. "They violated US law by accepting crude oil," he said. The announcement was the latest step by Washington to ratchet up economic pressure on Tehran over its alleged military activities in the Middle East and its nuclear program by taking aim at business partners. "We've said all along that any sanction will indeed be enforced. We can't tolerate more money going to ayatollahs, putting American soldiers, sailors, airmen, marines, putting their lives at risk. It's too important." Zhuhai Zhenrong along with Chinese state refiner Sinopec are responsible for nearly all the Iranian crude that China imports. Bloomberg reported that China took in about 12 million tonnes of Iranian crude in the first five months of this year. It said that some of that crude is being held in "bonded storage" and not passing through Chinese customs, possibly to avoid the application of sanctions.
China calls on US to 'correct' Iran sanctions Beijing (AFP) July 19, 2019 Beijing said Friday it has lodged an official protest with Washington over US sanctions against Chinese companies accused of being part of a supply network for Iran's nuclear programme. "We urge the US to immediately correct this wrong practice and earnestly respect the legitimate rights and interests of all parties," foreign ministry spokesman Geng Shuang said at a regular press briefing. Geng said US "extreme pressure" on Tehran through sanctions and "long-arm jurisdiction" was the "root cause ... read more
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