China to continue Iranian crude imports, calls move fair, legal

22 March 2012 06:53  [Source: ICIS news]

SINGAPORE (ICIS)--China announced late on Wednesday it will continue importing crude from Iran through regular channels to meet its needs, and said the move is fair, reasonable, legal and not a violation of third parties’ interests.

China was not in breach of any United Nations resolution and did not harm the interest of the international community, added Hong Lei, the spokesperson of the Chinese Ministry of Foreign Affairs, at a press briefing.

China traditionally objects to any one country using its domestic law to implement unilateral sanctions against another,” said Hong, who added that China does not accept the practice of implementing such sanctions on third parties.

The US announced on 20 March that it will not impose sanctions on Japan and 10 EU nations because they have significantly reduced their purchases of Iranian oil.

Under a US law that came into effect late last year, countries could face financial sanctions if they did not show by 28 June that they have significantly reduced the amount of crude oil they import from Iran.

According to the US Energy Information Administration, China is one of the top 10 importers of Iranian crude.


By: Fanny Zhang
+65 6780 4359



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