China rejects US sanctions on Iranian [Oil...Beijing *PWN3S* OBAMUGABE!]

China Daily ^ | 6/12/12

[SoFloFreeper]

A Foreign Ministry spokesman said here Tuesday that China will not accept unilateral sanctions by the United States on a third country.

Spokesman Liu Weimin made the remarks at a regular press briefing when asked about China's response to the US sanctions on Iranian oil imports.

[SoFloFreeper]

Basically, Obamugabe has strong armed about 18 nations into "reducing" Iran oil imports....except for China. Obamugabe really has no leverage with China...and I suspect the countries that HAVE agreed will do so with only a payoff and/or a wink.

Iran's oil will eventually find a buyer....BO really doesn't understand how markets work...but the Chinese communists do.

[kabar]

Obama has also given waviers to a bunch of countries.

[KarlInOhio]

What are we going to do to threaten China? Hit them with the tin cup we've been using to beg money from them?

[kabar]

Among key oil importers, China is not included among the 18 countries exempt from the US sanctions.

Are you talking about some other 18 countries?

[Navy Patriot]

Iran's oil will eventually find a buyer....BO really doesn't understand how markets work...but the Chinese communists do.

China has been purchasing oil and futures on the commodities market, as they are designed to work, and won't be bullied into not bidding.

An unreported large part of the US/NATO operation against Qaddafi and Libya was because Libya had contracted oil to China, which would short Western European Obama sycophants.

It was the last time Obama would cheat China, thus the total obstructionism of China and Russia in Syria and Iran.

[ex-snook]

"Iran's oil will eventually find a buyer....BO really doesn't understand how markets work...but the Chinese communists do. "

And we don't understand that other nations don't see Iran as the world threat that we tell them.

[SunkenCiv]

Thanks SoFloFreeper.