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The Chinese ignore the US
Chinese authorities have ordered to ignore the sanctions imposed by the US against Iran's refineries, Bloomberg reports. The Ministry of Commerce issued an order prohibiting the recognition and enforcement of these sanctions as measures that "illegally restrict normal trade with third countries and violate international norms":
The Chinese government consistently opposes unilateral sanctions that lack approval from the UN Security Council and a legal basis in international law.
This is not the first example of Chinese authorities bypassing American sanctions, but perhaps the first time it is done so openly and demonstratively.
Most likely, China is trying to reduce the psychological impact of US sanctions and contribute to lowering global oil prices. But the fact remains very telling.