China Ignores US Sanctions, Continues Trade With Iran

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China on Wednesday defended its business ties with Iran despite a set of U.S. sanctions targeting Tehran, potentially setting up further trade conflicts between Beijing and the Trump administration.

A statement from the Chinese foreign ministry reported by Reuters states that China’s business dealings with Iran comply with all United Nations sanctions currently applied to Iran, and that the country would ignore new measures implemented by the U.S. on Tuesday.

“China’s commercial cooperation with Iran is open and transparent, reasonable and fair, not violating any United Nations Security Council resolutions,” the statement read, adding that “China’s lawful rights should be protected.” Read more at The Hill.

 

{Matzav.com}

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