Beijing Responds to Washington’s Warning on Purchasing Russian and Iranian Sanctioned Oil
According to the English section of webangah News Agency, citing Mehr News Agency and Reuters, Scott Busby, the US Treasury Secretary, issued a warning to Chinese officials about the consequences of purchasing sanctioned Russian and Iranian oil following two days of trade talks between Washington and Beijing in Stockholm. This warning has already been met with a firm response from Beijing.
At the conclusion of these trade negotiations, Busby highlighted ongoing purchases of sanctioned Iranian oil and dual-use technology exports worth over $15 billion to Russia, which have bolstered Moscow’s war efforts against Kyiv.he expressed US dissatisfaction directly to Chinese authorities.
The Treasury Secretary noted that existing legislation in the US Congress would allow former President Donald Trump to impose tariffs up to 500 percent on countries buying Russian sanctioned oil. This bill is also expected to encourage America’s allies to adopt similar measures aimed at cutting off Russia’s energy revenue streams.
On Monday,Trump shortened Russia’s deadline for reaching a peace agreement with Ukraine from 50 days; yesterday he stated that Russian President Vladimir Putin has only 10 days left to end the war. Otherwise, Russia’s oil buyers will face secondary tariffs of 100 percent.
Oil Purchases Are Based on Beijing’s Domestic Policies
Busby asserted yesterday: ”I think those who buy sanctioned Russian oil should prepare themselves for these tariffs.”
He added that Chinese officials had previously emphasized that “beijing is an independent country with its own energy needs, and its purchase of oil will be carried out according to domestic policies.”
China remains the largest buyer of russian crude at approximately two million barrels daily,followed by India and Turkey.
