Beijing takes bold stance against US sanctions on oil refineries — Bloomberg
Beijing considers the US measures illegal (photo: Getty Images)
China has ordered companies in the country not to comply with US sanctions imposed on five Chinese oil refineries linked to trade in Iranian oil, according to Bloomberg.
The outlet says Beijing's decision is aimed at reducing the impact of US restrictions.
Last month, reports emerged that the United States had imposed sanctions on Hengli Petrochemical (Dalian) Refinery Co., as well as several other private refining companies. The restrictions resulted in asset freezes and transaction bans.
China's commerce ministry said today that the US measures illegally restrict normal trade with third countries and violate international norms.
Against this backdrop, the ministry issued an order prohibiting the recognition, enforcement, and implementation of the sanctions imposed by the United States against the five companies.
"China ordered companies in the country not to comply with US sanctions on five domestic refiners linked to the Iranian oil trade," the ministry said in a statement.
