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Thursday, August 2, 2012

Tensions between Beijing and Washington to discuss the Chinese bank Kunlun

This is a new standoff between China and the U.S. on Iran. Beijing has just demanded that Washington reverse its decision to punish the Chinese bank Kunlun. She is charged with aiding Tehran in its nuclear proliferation activities. The United States has further strengthened yesterday, Tuesday, July 31, their sanctions against Iran because of its "non-compliance with its international obligations." Kunlun was a Chinese bank business tour to Australia and Canada. To Iran as well, if one believes Washington, which accuses him of helping Iranian banks in transactions of several million dollars even though these institutions were already blacklisted supports nuclear program Tehran. According to the U.S., the Chinese will push against the existing sanctions, because it allows Iran to circumvent the embargo, and to sell its oil. Kunlun is now off the U.S. financial sector. And Beijing reacted strongly: the accusations are unfounded, it said in a statement from the Chinese Ministry of Foreign Affairs, echoed by all the Chinese press. They only weaken the Sino-US relations. China, a major consumer of Iranian oil, said she has always been opposed to nuclear proliferation. But she also refuses sanctions against Tehran. These have also enabled Chinese companies to increase their presence largely in Iran.

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