Asiye Yilmaz
02 May 2026•Update: 02 May 2026
China’s Commerce Ministry (MOFCOM) issued on Saturday a prohibition order instructing parties not to recognize or comply with US sanctions on five Chinese firms, citing its review mechanism.
The ministry said the order, effective immediately, aims to safeguard national sovereignty, security and development interests while protecting the legitimate rights of Chinese entities and citizens.
The US imposed sanctions over alleged involvement in Iranian petroleum transactions, placing five firms,…