Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

U.S. slaps new sanctions on Chinese entities over Iran oil

U.S. slaps new sanctions on Chinese entities over Iran oil
U.S. Secretary of State Mike Pompeo speaks during the United Against Nuclear Iran Summit on the sidelines of the United Nations General Assembly in New York City, U.S. September 25, 2019. REUTERS/Darren Ornitz -
Copyright
DARREN ORNITZ(Reuters)
Euronews logo
Text size Aa Aa

By Humeyra Pamuk and Huizhong Wu

NEWYORK/BEIJING (Reuters) – The United States is imposing new sanctions on certain Chinese entities and people who it accuses of knowingly transferring oil from Iran in violation of Washington’s curbs on Tehran, U.S. Secretary of State Mike Pompeo said on Wednesday.

The U.S. Treasury Department announced that it is slapping sanctions on five Chinese nationals and six entities, including two Cosco Shipping Corporation subsidiaries.

“And we are telling China, and all nations: know that we will sanction every violation,” Pompeo said at a conference on the sidelines of the United Nations General Assembly in New York.

China’s foreign ministry criticized the move on Thursday.

“We always oppose the so-called long arm jurisdiction and unilateral sanctions,” said Geng Shuang, a ministry spokesman. “We also oppose the bullying practice of the U.S.,” he added.

China’s cooperation with Iran is legitimate and legal and should be respected and protected, Geng said, adding: “We urge the U.S. to correct its wrongdoing.”

Attacks on Sept. 14 on the oil facilities of Saudi Arabia, widely blamed on Iran, have rattled the Middle East and raised concerns about a broader war. Iran denies involvement.

“The more Iran lashes out the greater our pressure will and should be,” Pompeo said. “That path forward begins now with two new actions.”

He said Washington was also ramping up efforts to educate countries on the risks of doing business with Iran’s Revolutionary Guard Corps entities and that it will punish those who continue to engage with them in violation of sanctions.

In a speech to the annual gathering of world leaders on Tuesday, U.S. President Donald Trump promised to keep trying to squeeze Iran’s economy with sanctions until Tehran agrees to give up what Washington says is a pursuit of nuclear weapons.

Iran has said its nuclear program has always been for peaceful purposes only.

Last year Trump withdrew from a 2015 international accord with Iran which had put limits on Tehran’s nuclear program in exchange for sanctions relief.

(Reporting by Humeyra Pamuk and Huizhon Wu; editing by Grant McCool)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.