1 week ago

China Warns US Retaliation Over Iran Sanctions Expansion

China Warns US Retaliation Over Iran Sanctions Expansion
'Illicit Unilateral': China Warns US Of Retaliation Over New Sanctions On Iran, Trading Partners · news18.com

The United States has added new sanctions against Iran and some groups that trade with Iran.

Sanctions are penalties meant to make it harder for a country to do business.

China says the US is unfairly punishing companies and has warned it may respond.

China also says the sanctions do not have approval from the United Nations Security Council.

The US says the sanctions are designed to cut off Iran’s money and important supplies.

The new measures affect areas such as shipping, aviation, technology, gold and digital assets.

China buys much of Iran’s oil, so Chinese companies could be affected by future penalties.

More US action against Chinese banks could make relations between the two countries worse.

Iran’s economy minister said Iran expected the sanctions and predicted they would fail.

Key facts

Chinese response
China said it would take “all necessary measures” to protect its rights and interests.
US sanctions targets
About 60 individuals, companies and vessels, including entities in mainland China and Hong Kong.
Targeted sectors
Digital assets, technology, gold, aviation and shipping.
Chinese oil trade
China is Iran’s biggest oil customer and purchases a large majority of Iran’s crude exports.
US Treasury warning
Treasury Secretary Scott Bessent said no one was beyond the reach of US sanctions.
Potential escalation
The article says wider sanctions could further strain US-China relations and potentially affect global energy prices.

Quotes

Chinese Foreign Ministry spokesperson

An unnamed spokesperson for China’s Ministry of Foreign Affairs

“China will take all necessary measures to firmly safeguard its rights and interests”
news18.com

Sources

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