U.S. Sanctions Chinese Oil Terminal Operator Over Iran-Related Issues
According to a statement released on the U.S. Department of State website, on May 1 local time, the U.S. Department of State imposed sanctions on multiple entities, one individual, and one vessel involved in the trade of Iranian oil, petroleum products, and petrochemicals. This action targets a petroleum terminal operator located in Qingdao, China.
The statement said that since the issuance of Presidential Memorandum on National Security No. 2 (NSPM-2), the company has imported millions of barrels of sanctioned Iranian crude oil, using complex evasion tactics that have facilitated the flow of billions of dollars to Iran.
Meanwhile, the U.S. Department of the Treasury has imposed sanctions on Iran’s financial infrastructure, adding three Iranian currency exchange institutions, their associated individuals, and related companies to the sanctions list. The U.S. stated these exchange institutions process hundreds of billions of dollars annually, serving as crucial intermediaries that convert Iran’s oil revenues into currencies usable by the Iranian regime and its extensive network of proxies across the region.
China's Foreign Ministry spokesperson previously stated that China has consistently opposed illegal unilateral sanctions lacking international legal basis, urging the United States to cease its abusive sanctions and "long-arm jurisdiction" practices. China will firmly safeguard the legitimate rights and interests of its domestic enterprises.
Source: sputniknews
Original article: toutiao.com/article/1864035326530560/
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