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China said Wednesday it opposed "unilateral" sanctions against Iran, after US President Barack Obama signed into law new measures targeting the Islamic republic's central bank.
"China opposes placing one's domestic law above international law and imposing unilateral sanctions against other countries,"
Under the measures, foreign firms will have to choose between doing business with the Islamic republic or the economically mighty United States.
South Korea will meet with U.S. officials this quarter to lobby for an exemption to U.S. sanctions to enable it to continue buying and paying for Iran's oil, government sources said.
Top Iranian crude buyer China has yet to agree 2012 oil deals and has cut its imports from Iran by more than half for January as the two haggle over terms.
China has bought crude from Russia, Vietnam, West Africa and Iraq to substitute for the 285,000 bpd it has cut from January Iran supplies.
When push comes to shove, how do you guys think China will respond to US actions? They seem intent on continuing business with Iran, which technically means they cannot do business with us...will we enforce the sanctions against one of our biggest trading partners?
Originally posted by AllUrChips
reply to post by TheSparrowSings
And just why couldnt they? They seem to be doing just that. Trust me, the total force of the US and NATO is FAR superior and plentiful than all other countries together. Plus, if china and russia do get involved, then, and only then will the US break out the nukes.
"China opposes placing one's domestic law above international law and imposing unilateral sanctions against other countries," said foreign ministry spokesman Hong Lei in response to a question about US sanctions on Iran.