China urges US to withdraw sanctions against its companies over N.Korea

China urges US to withdraw sanctions against its companies over N. Korea(Source rt.com) Beijing has urged the US to drop the new batch of sanctions against Chinese companies and individuals, saying that the restrictions do not contribute to defusing the Korean standoff.
The sanctions affect 16 mainly Chinese and Russian individuals and companies over alleged “support of the North Korean regime” and assisting Pyongyang in its nuclear and ballistic missile programs in violation of UN Security Council resolutions. “China opposes the imposition of unilateral sanctions outside the framework of the UN Security Council, especially the ‘long-arm jurisdiction’ imposed on Chinese entities or individuals by other countries in accordance with their domestic laws. Our position is clear and consistent,” Chinese Foreign Ministry spokeswoman Hua Chunying told reporters at a regular press briefing. Beijing has always conducted a “comprehensive and earnest implementation” of the UNSC resolutions, the spokeswoman stated, adding that China would punish anyone caught violating the sanctions under Chinese law. The unilateral US actions contribute neither to solving problems on the Korean Peninsula, nor to Sino-US trust, the spokeswoman said, adding that Beijing has urged Washington to drop the sanctions. One of the Chinese companies hit by the new US sanctions, Dandong Rich Earth Trading Co., has firmly rejected the allegations of violating the UNSC resolutions. The US Treasury accused the company of purchasing vanadium ore from North Korea.
“We did not import vanadium ore from North Korea. We imported products based on vanadium and refined from coal impurities. This product was not under sanctions. That’s why we’ve been able to register respective import with the Chinese customs services,” Li Xiaoguang, a manager at the company, told RIA Novosti, dismissing the accusations that the company’s business helped Pyongyang’s nuclear and missile programs. He said the company “would have never been able to import sanctioned materials from North Korea, since they would not have passed through the Chinese customs,” the company representative added.

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