Beijing vows to defend business amid U.S.' reported plans to end Iran oil waivers

April 22, 2019

 Beijing stands against the United States’ unilateral restrictions against Iran and will take every effort to defend interests of national companies doing legal business with the Islamic republic, Chinese Foreign Ministry spokesman Geng Shuang said on Monday, commenting on Washington’s reported plans to scrap oil sanctions waivers.

"China opposes unilateral sanctions. Cooperation between China and Iran is open, transparent and legal. This must be respected. The Chinese government will do its best to protect the legitimate interests of its companies," Geng said at a briefing, commenting on the possible US actions.

Earlier, The Washington Post newspaper reported, citing sources, that starting from May 2, Washington would end its sanctions waivers enabling countries importing Iranian oil to continue doing so. The decision will be reportedly announced by the Department of State later on Monday.Last year, the United States withdrew from the 2015 Iran nuclear deal and reinstated wide-ranging sanctions on Tehran. In early November, Washington, however, granted six-month waivers from oil sanctions against Iran to Greece, Italy, Taiwan, China, India, Turkey, Japan and South Korea.

The United States wants all importers to eventually cut their oil sales from Iran to zero.

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