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China reaffirms opposition to U.S. sanctions on Iran -Breaking


© Reuters. FILEPHOTO: Iranian flag waved at the International Atomic Energy Agency’s headquarters in Vienna, Austria on March 1, 2021. REUTERS/Lisi Niesner/File Photo

SHANGHAI (Reuters – China reaffirmed it’s opposition to the unilateral US sanctions against Iran in a meeting with Foreign Minister Wang Yi. The Chinese counterpart also supported attempts to revive a 2015 agreement between major power Iran.

On Saturday, a summary of the meeting between Wang, Iran’s Foreign Minister Hossein Amirrabdollahian, and Wang in Wuxi (Jiangsu Province) was made available on China’s website.

Amirabdollahian will announce, during his visit to China, the signing of a 25 year cooperation agreement between China’s Islamic Republic and Communist China.

Wang is also a State Councillor and said that the U.S. was the primary responsible for Iran’s ongoing problems, as it unilaterally pulled out of a 2015 nuclear agreement between major powers.

The terms of the deal stipulate that Iran will limit uranium enrichment, making it less difficult to develop nuclear weapons. Tehran, however, denies ever planning on developing them.

Wang indicated that China will support any resumption in negotiations regarding a nuclear deal.

However, he stated that China opposes any unilateral or illegal sanctions on Iran. He also said China is opposed to political manipulation, including topics like human rights, as well as interference in Iran’s internal affairs.

After withdrawing in 2018 from the nuclear agreement, the United States placed sanctions on Iran that severely damaged its economy. The terms were not sufficient to stop Iran’s nukes and ballistic missile programs.

Iran started to break the agreement a year later. They began rebuilding their stockpiles with enriched uranium and refining them to greater fisile purity.

Iran and the U.S. are locked in discussions over whether there is a way to reach a compromise that would allow them both to renew their agreement and end fears about a bigger Middle East War. Sources close to the negotiations indicated that there are still many unresolved issues.

Wang spoke earlier in the week to several Gulf Arab counterparts about Iran’s threat. She also indicated that China is interested in establishing a dialog mechanism with the Gulf to deal with regional security problems.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.