International Trade Today is a Warren News publication.

China Condemns US's Recent Iran Sanctions That Affects Certain Chinese Companies

China voiced its opposition to the U.S.'s recent sanctions move on Iran, a spokesperson for the Ministry of Foreign Affairs said during a regular press conference Sept. 30 in Beijing, according to a transcript provided in English. The Office of…

Sign up for a free preview to unlock the rest of this article

If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.

Foreign Assets Control on Sept. 29 sanctioned a group of companies that have sold hundreds of millions of dollars' worth of Iranian petrochemicals and petroleum goods to end users in Asia (see 2209290045). The companies included Hong Kong-based Sierra Vista Trading and China-based Zhonggu Storage and Transportation and WS Shipping. The spokesperson said China always stands opposed to unilateral sanctions, and said the country has "conducted normal cooperation with Iran within the framework for international law." The spokesperson said the U.S. must ditch its practice of using sanctions "at every turn" and do more to reimpose the Iran nuclear deal.