China Rejects US Policy on Stopping Iranian Oil Exports
China does not support US policy on eliminating Iran's oil exports, the director-general of the Department of Arms Control at the Chinese Foreign Ministry stated on Friday.
"China rejects unilateral sanctions, and energy security is very important for us. Oil import is very important for the Chinese energy security and for the Chinese people. I repeat, we do not support US policy on bringing Iran's oil exports to zero," Fu Cong told reporters when asked if Beijing would continue buying oil from Tehran, World News reported.
Iran has confirmed at a meeting of the joint commission on the Joint Comprehensive Plan of Action (JCPOA) in Vienna that it remained committed to the deal, Fu said.
"This is very important, and we support this position. Other participants agreed that we should give Iran economic benefits that the JCPOA presupposes," the Chinese official added.
According to the Chinese diplomat, the European Union stated at the meeting that it had finalized INSTEX —a special mechanism for trade with Iran bypassing US sanctions.
China has received deliveries of Iranian crude earlier this week for the first time since Washington revoked its sanctions waivers for eight importers of Tehran's oil last month. The US, which is waging a “maximum pressure” campaign to force Iran to renegotiate 2015 deal, made clear on Friday that its “zero tolerance” policy will stay and that any country that imports Iranian oil will be sanctioned.
source: Fars News Agency
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