What is China’s anti-sanctions law and how does it work?
Summary
China has ordered its people and companies not to follow recent US sanctions against five Chinese refineries linked to Iranian oil. This is the first time China has used its anti-sanctions law to fight what it calls unfair foreign penalties that apply beyond other countries’ borders.Key Facts
- China’s Ministry of Commerce said US sanctions on Hengli Petrochemical and four other refineries must not be obeyed.
- The ministry claims these sanctions limit normal trade and break international law.
- The sanctions followed US accusations that Hengli helped Iran’s military by buying crude oil.
- China is Iran’s biggest trade partner and buys over 80% of its oil shipments.
- China’s anti-sanctions law requires people and companies to report foreign sanctions affecting them within 30 days.
- The law lets China block compliance with what it calls unfair foreign laws and allows businesses to seek compensation if harmed.
- China created this law in 2021 as a response to US sanctions under President Trump’s first term.
- This law is China’s way to legally resist US sanctions instead of just protesting diplomatically.
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