China hits back at new US sanctions over Iran
Published on Aug 1, 2012 12:57 PM
BEIJING (AFP) - Beijing reacted furiously on Wednesday to new United States sanctions imposed on a Chinese bank over transactions with Iran, urging Washington to revoke them and saying it would lodge an official protest.
China's foreign ministry urged the United States to lift the sanctions on the Bank of Kunlun and stop "damaging China's interests and Sino-US relations".
US President Barack Obama on Tuesday imposed new economic sanctions on Iran's oil export sector and on a pair of Chinese and Iraqi banks accused of doing business with Tehran.
Mr Obama said the new measures underlined the United States' determination to force Tehran "to meet its international obligations" in nuclear negotiations, according to a statement released by the White House.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here