China’s cooperation with Iran should be respected: Foreign Ministry spokesperson

Source:Global Times Published: 2019/4/22 20:43:40

Chinese Foreign Ministry spokesman Geng Shuang File Photo: VCG

China's cooperation with Iran should be respected, Foreign Ministry spokesperson Geng Shuang said on Monday.

Geng made the comment when asked about media reports on a pending US announcement to stop offering waivers to countries and regions still importing Iranian oil. 

China opposes unilateral sanction by the US and its long-arm jurisdiction, Geng said.

US Secretary of State Mike Pompeo plans to announce on Monday (US time) that the US will not renew sanctions waivers for the five countries when they expire on May 2, US-based reported, citing sources.

The five countries are Japan, South Korea, Turkey, China and India.

China's cooperation with Iran is open, transparent, legal and reasonable, and deserves respect, Geng said.

The Chinese government is dedicated to protecting the lawful interests of Chinese companies, and willing to make its contribution and play a constructive role in ensuring the stable development of the international energy market, Geng said.

The waiver was the byproduct when the US pulled out of the 2015 Iran nuclear deal but decided to give some cushion to the global oil market.

Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University, said that it remains to be seen what course China will take in response to pending US actions.

"China's response to the US termination of waivers could be determined by how the China-US trade negotiations go," Lin said. 

China and the US are reportedly nearing an end of their talks to stop the trade war, which has rocked global markets and seen tariffs imposed on goods worth of billions of dollars. Russia, Saudi Arabia and Angola were the top three oil exporters to China in 2018, according to an industry bluebook. Iran was listed as a major oil supplier in the report.


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