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Saturday, August 18, 2018

China defends Iran business ties after Trump threat

China’s business ties with Iran are open, transparent and lawful, its foreign ministry said on Wednesday, after U.S. President Donald Trump said companies doing business with Iran would be barred from the U.S.
New U.S. sanctions on Iran have taken effect in spite pleas from Washington’s allies.
Iran dismissed a last-minute offer from the Trump administration for talks, saying it could not negotiate while Washington had reneged on a 2015 deal to lift sanctions in return for curbs on Iran’s nuclear programme.
Trump decided this year to pull out of the agreement, ignoring pleas from the other world powers that had co-sponsored the deal, including Washington’s main European allies, Britain, France and Germany, as well as Russia and China.
Beijing has cultivated close commercial links with Tehran, especially in the energy sector.
“China has consistently opposed unilateral sanctions and long-armed jurisdiction,” the Chinese foreign ministry said in a faxed statement responding to the new U.S. sanctions and Trump’s threats on firms doing business with Iran.
“China’s commercial cooperation with Iran is open and transparent, reasonable, fair and lawful, not violating any UN Security Council resolutions,” it added.
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