Sunday, April 1, 2012

China says U.S. has no authority to impose unilateral sanctions on countries dealing with Iran

image credit: AFP/Getty
Madison Ruppert, Contributor
Activist Post

China has wholly rejected the new sanctions from the United States which take aim at all foreign banks and financial institutions which continue to deal with Iranian crude oil.

“The Chinese side always opposes one country unilaterally imposing sanctions against another according to [its] domestic law. Furthermore, it does not accept the unilateral imposition of those sanctions on a third country,” China’s Foreign Ministry said in a brief statement on Saturday, according to the Associated Press.

This comes as the United States continues to build up forces in the region surrounding Iran in addition to long-term plans to build a much larger presence near Iran.

The new round of sanctions came on Friday when President of the United States Barack Obama approved the measures targeting foreign financial institutions which either purchase Iranian oil or allow it to be purchased through them.

I see these threats from the United States as just another instance of the West attempting to strong-arm the rest of the world into following their agenda, even if it is detrimental for all involved and has absolutely no real reason to be in place.

After all, even American intelligence agencies agree that Iran is not pursuing a nuclear program with military applications, and U.S. Secretary of Defense Leon Panetta himself has confirmed this on no less than two occasions, including once on national television.


These sanctions are likely intended to pressure the world’s largest importers of Iranian crude to reduce their imports or face the possibility of being cut out of the American financial system.

China, South Korea, India, Japan and the European Union will likely be some of the biggest targets for these sanctions, although the European Union has already taken steps to cut off imports in the future.

The sanctions hope to force these nations to “significantly reduce” their oil imports from Iran, although it will remain to be seen if the world will bow under the pressure and follow the American demands.

The White House has attempted to reassure the international community that there is enough oil in the world market to cover the gap created by the reduction of Iranian oil exports.

“There is a sufficient supply of petroleum and petroleum products from countries other than Iran to permit a significant reduction in the volume of petroleum and petroleum products purchased from Iran by or through foreign financial institutions,” Obama claimed.

Although, this would likely result in the United States having to open the strategic petroleum reserve, which is hardly something we would like to do unless it is absolutely necessary.

Obama’s assurances have done little when it comes to reassuring the global market, evidenced by the worldwide rise in oil prices and panics in the United Kingdom.

These rising prices, which directly affect Americans’ wallets when it comes time to fill up our cars with expensive gasoline, have become a hot-button issue in the U.S. presidential campaigns, especially with candidates like Newt Gingrich who has nonsensically claimed that he can magically force gas prices to be $2.50 per gallon.

Anyone who eats up this kind of rhetoric from the likes of Gingrich and other political opportunists likely has absolutely no idea how the political system works, what the President does, and even more importantly how markets work and how prices for goods are determined.

China, which is one of the world’s largest importers of Iranian oil, has resisted the American calls to cut their oil trade with Iran since the latest round of the U.S. sanctions campaign begun.

This issue, along with the South China Sea dispute and the situation with Syria, is a major point of conflict between China and the United States.

I’d love to hear your opinion, take a look at your story tips, and even your original writing if you would like to get it published. Please email me at Admin@EndtheLie.com

RELATED ACTIVIST POST ARTICLES: 
'Oil for Food' Barter Trades Begin to Get Around Sanctions on Iran
US threatens Asian region with penalties for continuing Iran oil purchases

This article first appeared at End the Lie.

Madison Ruppert is the Editor and Owner-Operator of the alternative news and analysis database End The Lie and has no affiliation with any NGO, political party, economic school, or other organization/cause. He is available for podcast and radio interviews. Madison also now has his own radio show on Orion Talk Radio from 8 pm -- 10 pm Pacific, which you can find HERE.  If you have questions, comments, or corrections feel free to contact him at admin@EndtheLie.com


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5 comments:

Anonymous said...

How dare they!

Well, see about that!

We, U.S.-rahell, are going to have a False Flag Incident now!

Wait! Just wait!

Well. get you, China, and your little dog, too!

Anonymous said...

Let the games begin...!!!

Wombat said...

Remember back in the early '80s when everybody was all so excited about "the new China relationship"? When I went there as a tourist, a young student said to me, "America is our friend." "Wrong," I said. "But I can be your friend." China was just fine and dandy as long as it only meant treks up the Great Wall, oohing and aahing over the Forbidden City, ogling peasants in cute little straw hats with bamboo poles slung over their shoulders, plus some of the best food anywhere. But now that China has started feeling its oats as a major world power with a will of its own, a national purpose to reckon with and the oomph to back it up, it somehow doesn't seem so charming anymore. There's no fun if you can't make it dance to your tune.

Anonymous said...

There is much to criticize about China, however, this is not one of those ocassions. Good for them for standing up and letting the Empire know who's in charge!

Anonymous said...

Oh, oh! The master has spoken and they ain't happy with their bullish and cocky colony.

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