China to ignore US sanctions and continue business with Iran

“China’s commercial cooperation with Iran is open and transparent, reasonable and fair, not violating any United Nations Security Council resolutions,” a government statement in Beijing said. “China’s lawful rights should be protected.” Beijing buys around $15 billion worth of crude oil from Iran annually as Tehran’s top energy customer. Chinese state companies have also invested billions of dollars to develop oil fields in Iran.

The EU has warned that firms which stop doing business with Iran for fear of losing business in the US, as President Donald Trump threatened, could be sanctioned in turn by Brussels. DEBKAfile: The EU warning has little effect since the continent’s banking system and main industries have too much to lose by being shut out of the US.

Print Friendly, PDF & Email

6 thoughts on “China to ignore US sanctions and continue business with Iran

  • Aug 8, 2018 @ 16:05 at 16:05
    Permalink

    IT IS TIME FOR US TO BREAK UP NATO!!!!! EU IS A TRAITOR ALLY. NOW YOU SEE THE REAL FACE OF EU WHEN IT IS ABOUT US INETRESTS. TO US CLOSE YOUR BIG MARKET TO SOME EU COUNTRIES!!!!! OPEN YOUR BIG MARKET ONLY TO THE REAL FRIENDS!!!!!!!

    Reply
  • Aug 8, 2018 @ 17:37 at 17:37
    Permalink

    China steals technological and industrial secrets from the USA and then enriches the pockets of pariah states. The main pressure on China ought to be to keep their experts out of the US, make computer systems stronger and impervious to attacks, keep very sensitive information OFF open computer systems, set up systems with false data for the Chinese to steal and then foul-up their own scientific and industrial processes, never give them proprietary information and make sure that we start paying back the debt they hold in our western countries.

    Reply
  • Aug 8, 2018 @ 22:28 at 22:28
    Permalink

    The the US must stop doing any business with China, period. F China, F the EU, they see no problem dealing with a tyrannical Muslim dictatorship developing nuclear weapons that supports terrorism worldwide, then we must make our stand.

    Reply
    • Aug 8, 2018 @ 23:47 at 23:47
      Permalink

      Stop doing business with Saudi Arabia and the other Sheikdoms! They have a human rights record no better than Iran and support terrorism worldwide! KSA may even be behind 9/11.

      Reply
  • Aug 9, 2018 @ 3:50 at 3:50
    Permalink

    Maybe it’s time for some Iranian oil infrastructure to mysteriously start blowing up?

    Reply
  • Aug 10, 2018 @ 15:50 at 15:50
    Permalink

    If it’s made in China, just don’t buy it.

    Reply

Leave a Reply

Comments containing incitement, libel or offensive language are barred under DEBKAfile’s regulations

Your email address will not be published.

Font Resize
Contrast