China Will Continue To Import Iranian Oil, Says Official

Vienna: China said Friday it would continue to import Iranian oil in defiance of US sanctions on the country, a day before US and Chinese leaders are to meet to try to resolve thorny trade disputes.

"We reject the unilateral imposition of sanctions," said Fu Cong, Director General of the Chinese Foreign Ministry's Department of Arms Control, on the sidelines of meeting in Vienna on the implementation of the 2015 agreement to limit Iran's nuclear programme.

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Iran: US Sanctions Hasn't Halted Oil Sales

The Trump administrations' attempt to hinder Persian oil exports has failed.

Despite US sanctions, Iran has sold all its oil, said the first vice president of the Persian country, Eshaq Yahanquiri.

RELATED: US Reimposes Iran sanctions, Tehran Slams Trump's 'Bullying'

"The Americans say they will reduce the sale of Iranian oil to zero, but I must say that, to date, we sold all the quantities of oil we needed," he said.

Yahanquiri denounced the U.S. governments' committment to damaging the Iranian economy with a psychological war.

"No government in Europe, Africa and Asia support US sanctions, except Israel and a couple of countries in the region," said the Iranian vice-president.

The Trump administration restored economic sanctions against Iran on Nov.5, seeking thus to reduce drain the Iranian government's main source of revenue. This new wave of sanctions is also aimed at breaking the Iranian banks' ties with the international financial system.

Although the U.S. goal was to reduce Iranian oil exports to "zero," economic interdependencies forced Trump to backtrack and break his promise.

In the near future Persian oil exports could even increase as the Trump administration granted 'waivers' to China, India, South Korea, Japan, Italy, Greece, Taiwan and Turkey. These countries, who are Iran's biggest energy clients, will be able to buy the Persian oil for another 180 days.

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