Iran: Update on sanctions
Posted: Sat Apr 27, 2019 5:09 pm
Two Trump administration officials said on Friday that neither a wind-down period nor a short-term waiver on China's oil purchases from Iran are being contemplated after Washington surprised Iran’s customers on Monday by demanding they halt the purchases by May 1 or face sanctions.
https://www.newsmax.com/politics/china- ... 0502oolaed
If China does not cut Iran oil purchases to zero, the Trump administration may have to make a decision on blocking Chinese banks from the U.S. financial system. That could have unintended consequences for finance and business between the world's two biggest economies, already in negotiations over trade disagreements.
"It could," one official conceded about the potential for unintended consequences, "but that's why China's decision is easy, it's not a difficult decision for them mathematically. They do business with the U.S. which is critical, they do business with Iran which is not critical."
https://www.newsmax.com/politics/china- ... 0502oolaed
If China does not cut Iran oil purchases to zero, the Trump administration may have to make a decision on blocking Chinese banks from the U.S. financial system. That could have unintended consequences for finance and business between the world's two biggest economies, already in negotiations over trade disagreements.
"It could," one official conceded about the potential for unintended consequences, "but that's why China's decision is easy, it's not a difficult decision for them mathematically. They do business with the U.S. which is critical, they do business with Iran which is not critical."