china

China has announced an injunction to block US sanctions placed on five Chinese refiners accused ‌of buying oil from Iran. The US sanctions announced by the Department of the Treasury late last month bar the refiners from the US financial system and seek to penalise anyone doing business with the firms. In a statement on Saturday, China’s Ministry of Commerce said the sanctions “improperly” restrict business between Chinese enterprises and third countries “in violation of international law and the basic norms governing international relations”. The Commerce Ministry said it had issued a “prohib