ZCZC
BFF-40
IRAN-US-SANCTIONS-DIPLOMACY-CHINA
China to continue Iran trade despite new US sanctions
BEIJING, Nov 5, 2018 (BSS/AFP) – China denounced new US sanctions
targeting Iran’s oil and financial sectors as “long-arm jurisdiction” on
Monday and vowed to continue its bilateral trade with the Islamic republic.
The measures, which took effect on Monday, follow US President Donald
Trump’s decision to abandon a multi-nation nuclear deal with Tehran, which he
said was flawed and does not adequately constrain Iran’s destabilising
behaviour in the Middle East.
The sanctions aim to significantly cut Iran’s oil exports — which have
already fallen by around one million barrels a day since May — and cut it
off from international finance.
“China opposes unilateral sanctions and long-arm jurisdiction,” foreign
ministry spokeswoman Hua Chunying told a regular press briefing.
“We believe that China’s normal cooperation (with Iran) within
international law is legal and legitimate, and this shall be respected.”
The US has given temporary exemptions to eight countries — including
India, Japan and Turkey — to continue buying oil in a bid to avoid
disrupting their economies and global markets.
Asked whether China has been granted an exemption, Hua said Beijing is
conducting “normal cooperation” with Teheran within the framework of
international law.
China is a signatory to the 2015 Joint Comprehensive Plan of Action —
which includes Britain, France, Germany and Russia — that Trump pulled out
from earlier this year.
The remaining members believe the agreement is working as intended and is
keeping Iran from obtaining nuclear weapons for now.
“Under the current circumstances, we hope all parties can bear in mind the
larger picture and fulfil their duties and choose to stand on the right side
of history,” Hua said, adding that China will continue to “uphold the
objective and responsible attitude to uphold the agreement”.
BSS/AFP/RY/1613 hrs