China Quietly Defies US Sanctions on Iran

On 28 June, KYC 360 reported claims by the FT that satellite imagery and other data show that the government of China has continued to purchase Iranian crude oil.  The FT says that the government of China received its first delivery of Iranian oil when a Suezmax tanker docked in Jianzhou Bay.  Another Iranian supertanker is expected to deliver as much as 2-million barrels of oil to the Chinese province of Tianjin before the end of the month, according to the report.

https://www.riskscreen.com/kyc360/news/china-quietly-defies-us-sanctions-on-iran-ft/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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