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U.S. sanctions against Iran put Chinese companies on list

Staff Writer | February 7, 2017
China is protesting a U.S. decision to include Chinese individuals and entities on its Iran sanctions list.
Lu Kang
Trade tensions   Foreign ministry spokesman Lu Kang:
Beijing's foreign ministry spokesman Lu Kang told reporters the Chinese government has lodged a protest regarding the "latest U.S. sanctions against Iran that affect Chinese companies and individuals."

Describing the sanctions as a "unilateral" measure, Lu said the "sanctions will not help in enhancing trust among the different parties involved and will not help in resolving international problems," The South China Morning Post reported.

Last Friday, the U.S. Treasury Department imposed new sanctions against Iran in response to a ballistic missile test.

The list includes two Chinese firms, the Ningbo New Century Import and Export Company and the Qingdao Cosailing Business Trading Company, businesses that are suspected of aiding Iran's weapons program, South Korean news service Newsis reported.

But according to the Post, Qingdao Cosailing executive Yue Yaodong said he never engaged in full transactions with Iranian buyers.

Yue said his company sent product samples to Iran but no deals were made.


 

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