China rejects US sanctions on firms, vows to protect interests

China on Monday condemned US sanctions imposed on Chinese companies, describing the measures as “illicit” and pledging to protect the interests of its firms. “China always opposes unilateral sanctions that have no basis in international law,” Foreign Ministry spokesman Lin Jian told reporters in Beijing. The remarks came after the US Treasury announced new Iran-related sanctions, including penalties on a major independent Chinese refinery — often referred to as a “teapot” refinery — and nearly 40 additional entities.

US targets Chinese refinery

The US Treasury also issued a general license allowing the wind-down of transactions involving Hengli Petrochemical (Dalian) Refinery Co. State Department spokesman Tommy Pigott stated that the measures are part of broader efforts to curb what Washington describes as Iran’s illicit oil trade. The targeted refinery operates in Shandong province, a hub for independent Chinese refiners. The sanctions mark an escalation of US pressure on Chinese entities suspected of facilitating Iranian oil exports.

Beijing vows to respond

“China urges the US to abandon the wrong practice of abusive sanctions and long-arm jurisdiction,” Lin said, adding that China “will firmly safeguard the lawful rights and interests of Chinese companies.” Beijing has consistently opposed unilateral US sanctions, arguing they violate international law. The latest dispute adds to growing trade and geopolitical tensions between the world’s two largest economies amid ongoing Middle East conflicts.