China and Germany defend their business ties with Iran

China and Germany defended their business ties with Iran on Wednesday in the face of US president Donald Trump’s warning that any companies trading with the Islamic Republic would be barred from the United States.

The comments from Beijing and Berlin signalled growing anger from partners of the US – which reimposed strict sanctions against Iran on Tuesday – over its threat to penalise businesses from third countries that continue to operate there.

“China has consistently opposed unilateral sanctions and long-armed jurisdiction,” the Chinese foreign ministry said.

“China’s commercial co-operation with Iran is open and transparent, reasonable, fair and lawful, not violating any United Nations Security Council resolutions,” it added in a statement. “China’s lawful rights should be protected.”

The German government said US sanctions against Iran that have an extra-territorial effect violate international law, and Germany expects Washington to consider European interests when coming up with such sanctions.

Source » irishtimes

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