China Orders Firms to Ignore US Iran Sanctions, Daring US to Enforce Crackdown – Democratic Accent

China orders firms to ignore US Iran sanctions, daring US to enforce crackdown – Democratic Accent

China has ordered companies to disregard U.S. sanctions targeting Iranian oil, forcing a direct test of Washington’s ability to enforce its crackdown on Iran.  A new directive, issued through China’s Commerce Ministry Sunday, invokes a 2021 “blocking statute” that prohibits firms from complying with foreign sanctions deemed illegitimate. The order applies to several Chinese refiners accused by the United States of purchasing Iranian crude, inclu…

JUST IN: China Defies US, Orders Firms To Ignore Sanctions On Iranian Oil

China’s directive to companies to ignore U.S. sanctions on Iranian oil marks a significant shift in the geopolitical landscape. This move signals a clearer intention from Beijing to bolster its ties with Tehran, even as the U.S. tightens its grip on Iranian economic activities. The order, issued by China’s Commerce Ministry, employs a “blocking statute” originally enacted in 2021. This legislation protects Chinese firms from complying with what …

China orders firms to ignore US Iran sanctions, daring US to enforce crackdown

China ordered companies to disregard U.S. sanctions targeting Chinese refiners tied to Iranian oil, marking what analysts call a major escalation in the standoff with Washington.