China Bars Firms From Complying With US Sanctions on Oil Refineries
Translated from Indonesian, summarized and contextualized by DistantNews.
TLDR
- China has forbidden its companies from complying with U.S. sanctions against five independent oil refineries accused of buying Iranian oil.
- Beijing argues the U.S. sanctions violate international law and infringe upon the trading rights of Chinese firms.
- This action escalates tensions between China and the U.S. amidst a broader rivalry in global energy and geopolitics.
The Chinese government has taken a firm stance against the latest U.S. sanctions targeting independent oil refineries, declaring that Chinese companies will not comply. In a strong statement, the Ministry of Commerce asserted that these unilateral sanctions violate international law and disrupt normal trade relations between China and third countries.
This violates international law and the basic norms governing international relations.
This move underscores Beijing's consistent opposition to sanctions lacking UN authorization. The Ministry emphasized that such policies will not be recognized or enforced, framing the decision as a necessary measure to protect China's national sovereignty, security, and economic interests. The targeted refineries, including Hengli Petrochemical, are crucial for China's energy supply chain, and Beijing views these sanctions as an unwarranted interference in its legitimate trade activities.
Sanctions shall not be acknowledged, enforced, or complied with.
The U.S. claims these refineries generated significant revenue for Iran's military by purchasing large volumes of its oil. However, China views this as an attempt to exert undue influence over global energy markets and penalize companies for engaging in trade that benefits China's economy. The situation highlights the deepening strategic competition between China and the U.S., particularly in the energy sector, where China seeks to secure its supply and leverage discounted oil from sanctioned nations like Iran.
The Chinese government has consistently opposed unilateral sanctions that lack UN authorisation and basis in international law.
Originally published by Tempo in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.