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Feathers Ruffled a Bit Over U.S. Sanctions of Chinese Energy Company

“China voiced “adamant” opposition to U.S. sanctions on a Chinese company selling refined petroleum products to Iran, calling Washington’s punishment an unreasonable step beyond international sanctions on Tehran’s nuclear program.

On Thursday, the Obama administration invoked U.S. law to sanction China’s state-run Zhuhai Zhenrong Corp, which it said was Iran’s largest supplier of refined petroleum products.

“Imposing sanctions on a Chinese company based on a domestic (U.S.) law is totally unreasonable, and does not conform to the spirit or content of U.N. Security Council resolutions about the Iran nuclear issue,” the Chinese Foreign Ministry spokesman Liu Weimin said in a statement issued on the ministry’s website late on Saturday. ”

via CNBC

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