Beijing, May 3: On May 2, the Chinese Ministry of Commerce issued an injunction to prevent U.S. sanctions against five companies involved in Iranian oil transactions. The companies affected include Hengli Petrochemical (Dalian) Refining Company Limited, Shandong Shouguang Lucheng Petrochemical Company Limited, Shandong Qingcheng Petrochemical Group Company Limited, Hebei Xinhai Chemical Group Company Limited, and Shandong Shengxing Chemical Company Limited.
These companies had been sanctioned for their involvement in transactions related to Iranian oil. The sanctions included placing them on the Specially Designated Nationals (SDN) list, freezing their assets, and prohibiting them from conducting business.
A spokesperson from the Ministry of Commerce stated that since 2025, the United States has placed these five companies and other Chinese enterprises on the SDN list based on executive orders targeting other nations, citing their participation in Iranian oil transactions. The sanctions restrict these companies from engaging in normal economic and trade activities with third countries and their citizens, legal entities, or other organizations, violating international law and fundamental norms of international relations.
The spokesperson emphasized that to protect national sovereignty, security, and development interests, as well as to safeguard the legitimate rights and interests of Chinese citizens and organizations, the Ministry has issued this injunction based on assessments of foreign laws and measures’ improper extraterritorial application.
The Ministry asserted that the U.S. sanctions against the five Chinese companies cannot be recognized, enforced, or complied with. The Chinese government has consistently opposed unilateral sanctions lacking United Nations approval and a basis in international law.
This injunction represents a concrete step towards implementing provisions aimed at preventing the improper extraterritorial application of foreign laws and measures. It does not affect China‘s fulfillment of its international obligations nor does it undermine its efforts to protect the legitimate rights and interests of foreign-invested enterprises under the law.
(Source: China Media Group, Beijing)
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