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Originally published on ZeroHedge
The US has slapped new sanctions on Chinese firms related to Iran’s petrochemical and petroleum trade, after years of reports of Chinese tankers engaged in sanctions-busting activity, and at a moment that a finalized restored JCPOA nuclear deal has all but collapsed.
US Secretary of State Antony Blinken announced punitive measures Thursday against two China-based companies, Zhonggu Storage and Transportation Co Ltd and WS Shipping Co Ltd, which stand accused of sanctions evasion.
The former has been identified as overseeing a commercial crude oil storage facility for Iranian products, and the latter operated a vessel which was caught ‘illegally’ transporting Iranian oil and fuel products.
These companies were said to be involved in the “sale of hundreds of millions of dollars’ worth of Iranian petrochemicals and petroleum products to end users in South and East Asia.”
And further according to the US Treasury readout, the actions target “Iranian brokers and several front companies in the UAE, Hong Kong, and India that have facilitated financial transfers and shipping of Iranian petroleum and petrochemical products.”
“These entities have played a critical role in concealing the origin of the Iranian shipments and enabling two sanctioned Iranian brokers, Triliance Petrochemical Co. Ltd. (Triliance) and Persian Gulf Petrochemical Industry Commercial Co. (PGPICC), to transfer funds and ship Iranian petroleum and petrochemicals to buyers in Asia.”
While Iran has been subjected to crippling oil-export sanctions for the last several years, it hasn’t stopped China, whose imports of Iranian oil have only increased by the month.
Much of the buying comes from independent Chinese refiners (otherwise known as “teapots”), who, traders said have embraced Iran’s cheaper crude as Brent prices soared globally amid the ongoing war in Ukraine and energy sanctions against Russia.
The official position of China’s foreign ministry has long been that normal business dealings between China and Iran should be respected. “China urges the US to lift the illegitimate unilateral sanctions as soon as possible,” the ministry has long repeated in various statements.
At some point China is going to have to shit or get off the pot when dealing with the West.
we impotent lgbt desperate americunts
So we can see , yet again, the US state departments’ low IQ cretins in action.
This is while the cowering US vassals will shortly implode into a pile of frozen excrement and their soon to be worthless currencies.
The US is hated by the majority of the planet and US mafia protection rackets are now targetting their feckless servants in order to survive. Whenever servants have been sacrificed, history has recorded the deaths of corrupt and amoral empires.
Slava Rossiya.
Washington stealing Iranian, Iraqi and Syrian oil and China buying from Iran. This is the difference.
Washington is scamming the world communities. Stealing oil and gas from Syria, Iraq, and Iran while China pays cash to buy Iranian oil. Thugs are always thugs by nature.
I don’t understand why Russia and China can’t own their own ships, self insure, and keep their business out of USD.
USA sucks all 1.3 billion Chinese dicks !! Who died and left the them to be the God of earth !! If they impose sanctions on a nation its their choice and have no right to force other nations to do the same !! USA needs to get os the high horse and see that the world is not theirs to rule over it, they gave it their best try and failed///now fck off !!
China needs to tell the USA’s state dept to go fuck itself and ignore these illegitimate sanctions. Who the fuck cares what USA thinks about trade between two other countries? If Iran and China want to trade oil, gas or whatever it is entirely their business and has nothing to do with fucking USA. This is why the whole world is sick of USA: it sees itself as the entire world’s arbiter as to who can do business with whom. Outrageous arrogance.
It is funny to see how other yanquis’ pigs now really questioning why they are “allies” with these greedy pigs. The EU is going down after the US cut off the EU lifeline/s (Nord Stream 1 and 2).
US and UK have been killing 6 million of innocent peoples in the Middle East.
China is enjoying with Iran and Russia oil,no broblem.