Vastavam web: China says Iran’s foreign minister will visit the country from Friday to Saturday, a day after the Trump administration blacklisted virtually all of Iran’s financial sector in the latest step aimed at the oil-rich country’s economy. In a brief announcement, China’s foreign ministry said only that Foreign Minister Javad Zarif was visiting at the invitation of his Chinese counterpart Wang Yi.
China has been a staunch Iranian ally and remains a party to the 2015 Iranian nuclear agreement from which the US has withdrawn while unilaterally reinstituting punishing sanctions on Iran. The blacklisting has been opposed by European nations because it will open up their biggest banks and and other companies to US penalties for conducting business with Iran that had previously been allowed.
Zarif reacted angrily to the designations, calling them a crime against humanity at a time of global crisis. The move comes as the US has stepped up efforts to kill the 2015 Iran nuclear deal by steadily increasing pressure on through sanctions on its oil sales, blacklisting top government officials and killing a top general in an airstrike. Almost the entire rest of the world has vowed to ignore the latest US sanctions but violating them will come with significant risk of losing access to the US financial system.