Pompeo: Chinese Traders Sanctioned for Violating US Law by Accepting Iranian Crude

China better obey law made on Capitol Hill!

The United States is placing a leading Chinese oil importer on its sanctions blacklist for trading in Iranian crude, Secretary of State Mike Pompeo announced Monday.

“As part of that maximum pressure campaign, I am announcing that the United States is imposing sanctions on the Chinese entity Zhuhai Zhenrong and its chief executive Youmin Li,” Pompeo said in a speech. [Zhuhai Zhenrong has no exposure to the US.]

“They violated US law by accepting crude oil,” he said.

The announcement was the latest step by Washington to ratchet up economic pressure on Tehran over its alleged military activities in the Middle East and its nuclear program by taking aim at business partners.

“We’ve said all along that any sanction will indeed be enforced. We can’t tolerate more money going to ayatollahs, putting American soldiers, sailors, airmen, marines, putting their lives at risk. It’s too important.”

Zhuhai Zhenrong along with Chinese state refiner Sinopec are responsible for nearly all the Iranian crude that China imports.

Bloomberg reported that China took in about 12 million tonnes of Iranian crude in the first five months of this year.

It said that some of that crude is being held in “bonded storage” and not passing through Chinese customs, possibly to avoid the application of sanctions.

Source: Yahoo News



You may back the site at:




Subscribe
Notify of
guest
11 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

James Willy
James Willy
27 days ago

I guess XI just bendz over again. What a pathetic LOSER he is.
Why won’t this LOSER fight back every time a new provocation (Daily) comes about?

Novy Macahilig
Novy Macahilig
27 days ago
Reply to  James Willy

He’s waiting for a great timing to respond. He will not just sit his ass evading the punch of uncle sam….he will counter punch soon… there is a chinese proverbs say; appear weak when you are strong, and appear strong when you are weak…

Mary E
24 days ago
Reply to  James Willy

I think Xi’s mantra is ‘give them enough rope and they will hang themselves’…doesnt that make sense? Fighting back is unnecessary and China has all the time in the world to watch the US hang itself!! In the meantime, it is making deals to get its Belt and Road on the road (no pun intended)…and it will be, as we are seeing even now, very very successful! All because it is a Win-Win
situation for all involved.

John C Carleton
John C Carleton
27 days ago

Ahem!

Pompeo is the former head of the child for sexual slavery smuggling, illegal drug smuggling, head of State murdering, foreign nation’s governments overthrowing Anti-American Crime Cabal.
He is also a Warvangelical zionist Israhell Firster, Anti-American lying sack of pig poop!

China, a foreign country, has a Sovereign Foreign to US, Government.
Iran, a foreign country, has a sovereign foreign to the US, Government.

So, one has a criminal child smuggling POS, talking s#it, who’s gang of War Criminals, has no legal right to be monkeying in the business of sovereign foreign countries.

Fair Common Law Trials, Fair Hangings, in Sodom and Gomorrah on the Potomac!

All_has_An _END_.
All_has_An _END_.
27 days ago

ALL US Foreign policies tend to always comes back to hunt them
Good luck on making friends

Vish
Vish
27 days ago

LOL.

America is increasingly crazed.

The United Snakes of America is so arrogant that it believes it has a God-given right to dictate which country can trade with another country–while always using a pretext issue like “Weapons of Mass Destruction” to justify this thinly disguised form of American economic terrorism.

Fuck you, America.

Nduma Mashabane
Nduma Mashabane
27 days ago

Why must American laws be applied by or binding to a sovereign country? This Yankees are full of themselves.

Mary E
24 days ago

The US is the chief Bluffer in the world! They have bluffed their way up the ladder, but now that their bluff has been called by Russia, China, Iran, their goose is cooked (so to speak) and they have been exposed as the idiots they really are.

Richard Hollembeak
Richard Hollembeak
24 days ago

These Yankees are use to pillaging and plundering before the War of Northern Aggression the south was paying almost 90% of the federal taxes after the war the occupation forces continued raping the south .

Mary E
27 days ago

So the US has crowned itself the ruler of the world already?? A bit premature I’d say, considering that they are losing ‘allies’ and’ friends’ by the day… they have made some rules that they insist the rest of the world follow…and so far, many of those involved countries are doing just that, except now they are taking a hard look at what following those rules is doing to their bottom lines! Get a grip you people and tell the US to take their rules and eat them…

Mary E
27 days ago

Yes, the US is really that desperate! Sanctioning countries for doing business with other countries while using a money system other than the USDollar!!! What business does the US think it has trying to scuttle other countries’ business dealings? They are in way over their heads in this as we can all see: the US is not even able to repair its 3rd world infrastructure….and in reality, it does not want to spend taxpayer money that way even though the current resident of the White House made that promise and signed an agreement to do just that when he was elected. Sanctioning other countries won’t help bring America back to its previous respected place in the world…ever..It is a Rogue state

Do NOT follow this link or you will be banned from the site!