China says business ties with Iran no harm to any other country
China has already defended its commercial relations with Iran as open and transparent as U.S. sanctions on Iran took effect despite pleas from Washington's allies.
China's business and energy ties with Iran do not harm the interests of any other country, the country's Foreign Ministry said, after U.S. President Donald Trump said companies doing business with Iran would be barred from the United States.
In a statement released late on Friday, China's foreign ministry reiterated its opposition to unilateral sanctions and "long-armed jurisdiction".
"This does not violate United Nations Security Council resolutions or China's promised international obligations, nor does it harm the interests of any other country, and should be respected and protected," the ministry added.
Using sanctions at the slightest pretext or to threaten anyone won't resolve the problem, it said.
"Only dialogue and negotiations are the true path to resolving the issue," the ministry added.
China, Iran's top oil customer, buys roughly 650,000 barrels a day of crude oil from Tehran, or 7 percent of China's total crude oil imports. At current market rates, the imports are worth some $15 billion a year.
But that has proven difficult, and European companies have quit Iran, arguing that they cannot risk their U.S. business.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)