US EditionChina Blocks US Sanctions on Five Petrochemical Firms
- On Saturday, Beijing's Ministry of Commerce announced China will not comply with US sanctions against five firms accused of purchasing Iranian oil, issuing an injunction to block the measures.
- Seeking to choke off revenue to Tehran, the United States has ramped up sanctions on these refineries, with the Trump administration targeting four of the firms last year.
- Targeted firms include Hengli Petrochemical Refinery and four 'teapot' refineries: Shandong Jincheng Petrochemical Group, Hebei Xinhai Chemical Group, Shouguang Luqing Petrochemical, and Shandong Shengxing Chemical.
- According to the Ministry, these measures 'improperly prohibit or restrict Chinese enterprises' and violate 'international law and the basic norms of international relations.'
- Washington imposed separate sanctions on Friday against Qingdao Haiye Oil Terminal, as President Donald Trump prepares to visit Beijing later this month for talks with Xi Jinping.
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77 Articles
The US sanctioned Chinese oil refineries. Now China is really pushing back
China has ordered companies throughout the country not to comply with US sanctions on five Chinese oil refiners accused of trading in Iranian fuel, a move observers say could mark a new stage in Beijing’s pushback against American long-arm jurisdiction. The order is the first application of a measure designed to block “improper” foreign actions, and could be a potential headache for US sanctions enforcement, according to analysts. The order was …
Beijing Tells China Firms to Ignore US Sanctions on Refiners
(Bloomberg) — China ordered companies in the country not to comply with US sanctions on five domestic refiners linked to the Iranian oil trade, deploying a blocking measure introduced in 2021 that was aimed at protecting its firms from foreign laws it deemed unjustified.
Beijing invoked legislation against the extraterritorial application of foreign laws to neutralize, within the country, the effect of US sanctions on five Chinese companies.
China Not Complying with US Sanctions on Iranian Oil: 'They Violate International Law,' Beijing Says
In recent months, Washington has been tightening sanctions on Chinese refiners that source crude at low prices from Tehran.
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