sanctions: Photo AFP The US is imposing new sanctions on five Chinese nationals and six Chinese companies for shipping Iranian oil, the US Treasury Department announced on Wednesday, according to Global Times China. It is not the first time that the US has blacklisted Chinese companies over Iran. Iranian President Hassan Rouhani told the US to take the first step by lifting all sanctions against Iran, dampening the likelihood of meeting US President Donald Trump. In July, the US issued the first sanctions against Zhuhai Zhenrong, one of China's largest oil traders, after having ended the sanctions waivers for nations importing Iranian oil. The Chinese government can, of course, provide support like tax breaks or cheap financing to the blacklisted companies, but more fundamentally, the US abuse of unilateral sanctions on other countries and companies highlights the need for China to strengthen anti-sanction cooperation with the international community. According to a Thursday statement from China's Ministry of Foreign Affairs China has and will continue to take necessary measures to firmly safeguard the legitimate rights and interests of Chinese entities.
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