Russia And China Defend Trade Ties With Iran After US Sanctions

PRESS TV            Wed., Aug. 08, 2018

China and Russia have repudiated new US sanctions on Iran, pledging to maintain trade ties with Tehran after President Donald Trump warned countries against doing business with the Islamic Republic.

“China has consistently opposed unilateral sanctions and long-armed jurisdiction,” the Chinese Foreign Ministry said Wednesday, addressing Trump’s decision Monday to reimpose sanctions on Tehran.

“China’s commercial cooperation with Iran is open and transparent, reasonable, fair and lawful, not violating any United Nations Security Council resolutions,” it said, adding “China’s lawful rights should be protected.”

Beijing has close economic and diplomatic ties with Tehran. It is Iran’s biggest oil customer, taking in more than 650,000 barrels per day from the country.

The world’s No. 2 economy is reportedly gearing up to take more and “vacuum up much of the Iranian oil that other nations won’t buy because of the threat of US sanctions.”

Chinese companies are also interested in Iran’s oil and gas projects.

State energy firms CNPC and Sinopec have invested billions of dollars in Iran’s giant Yadavaran and North Azadegan oil fields and eye participating in further developments of the deposits.

CNPC is also about to take over Total’s stake in the giant Iranian South Pars gas project after the French company decided to leave amid US sanctions.

Iran plans to increase the production potential of its oil fields by 400,000 barrels per day (bpd) in the form of 34 projects, estimated to cost more than $6 billion.

President Vladimir Putin has said Russia is prepared to continue its oil investment in Iran at the level of $50 billion in the face of US plans to reimpose sanctions on the Iranian oil and gas sector on November 4.

On Tuesday, Russia said it was “deeply disappointed by US steps to reimpose its national sanctions against Iran” as it pledged to do “everything necessary” to protect its shared economic interests with Tehran.

“This is a clear example of Washington violating UN Resolution 2231 (on the Iran nuclear deal) and international law,” the Russian Foreign Ministry said in a statement.

The statement dismissed US hopes to browbeat Iran into submission through exerting fresh pressures on the country.

“As long-term experience has shown, it will not be possible to gain concessions from Iran using pressure,” it said.

Full article here:   https://www.presstv.com/Detail/2018/08/08/570558/Iran-China-Russia-Syria-trade-US-sanctions

 

About ron abbass

Because of my last name, there are some who might think I'm a Muslim. I'm an older student of the bible and I regard myself as Christian-other. That is, I was baptized in a Torah-keeping assembly. I'm one who tries his best to follow Yayshua, the Messiah (Christ) by keeping the commandments, the dietary laws, the weekly Sabbath and the annual Sabbaths (Holy Days) instituted and ordained by the great I AM, the Creator-God of Israel. I reject the holidays and festivals invented by the Roman church. Truth-seeking is my present passion. Presently, I do a lot of research into the World Wars, the mass media, the Holocaust, Zionism, Health Issues, 9/11 and the power brokers who are behind the New World Order that is gradually being established mainly in the Western Nations. Many prognosticators (prophets) both secular and religious are warning us that we are living "On the Eve of Destruction" - the last days. There's a very good chance a nuclear tsunami will eventually visit many nations. Peace and blessings to all who love the truth and hate the lies.
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