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Drop Site
@dropsitenews.com

🇨🇳 China Invokes Blocking Statute for First Time China’s Ministry of Commerce has for the 1st time activated its 2021 Blocking Rules, ordering all Chinese firms & individuals not to comply w/ US sanctions targeting 5 independent Chinese oil refineries accused of purchasing Iranian crude. Beijing...

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Chunqiu Qin
@chunqiu-qin.bsky.social

Notable: Qingdao Haiye Oil Terminal (sanctioned May 1) was excluded from the injunction. Beijing named 5 specific refiners but left room to comply on others. The 2021 Blocking Rules existed on paper for 5 years. This is the first operational use.