China condemns US economic war against Iran, warns of global financial order threat
Quick Look
China's embassy press secretary in Washington, Liu Chang, told TASS that US economic sanctions on Iran, including sanctions on Chinese firm Kameng Trading, constitute illegal unilateral measures that escalate tensions and threaten global financial stability, urging de-escalation and dialogue.
AI-generated summary
Why It Matters
The article discusses US sanctions on Iran and China's opposition to them as illegal unilateral measures lacking UN Security Council authorization.
WASHINGTON, August 29. /TASS/. The economic war unleashed by the United States against Iran does not contribute to resolving the situation and only intensifies tensions, threatening to undermine the global financial order, Liu Chang, press secretary of the Chinese embassy in Washington, told TASS on Friday.
"China has made it clear on many occasions its firm opposition to illegal unilateral sanctions that have no basis in international law or the authorization of the UN Security Council," he said, commenting on the inclusion of the Chinese logistics company Kameng Trading in the US sanctions list regarding Iran.
"Economic warfare and maximum pressure provide no solution. On the contrary, they only serve to fuel tensions and lead to risk spillover, which will disrupt the global economic and financial order, and harm the legitimate rights and interests of other countries."
"The pressing task is to facilitate the de-escalation of the situation and return to dialogue and negotiation as soon as possible. China will do everything necessary to firmly safeguard its rights and interests."
What to Watch
AI outlook — possibilities, not facts
China will take measures to safeguard its rights and interests in response to sanctions on Kameng Trading
Likely · Within weeks
Open Questions
- What specific actions will China take to safeguard its rights and interests?
- How will the inclusion of Kameng Trading in the sanctions list affect its operations?
- Are there ongoing diplomatic efforts to de-escalate the situation?
