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China Opposes Washington’s Decision On Iran Oil Sanctions

The United States quit the deal in May 2018, and renewed U.S. sanctions have hit Iran's economy and contributed to the fall of the national currency, the rial.

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Iranian oil worker
An Iranian oil worker rides his bicycle at a Tehran oil refinery. RFERL

Beijing has lashed out at a U.S. decision to impose sanctions on countries that buy Iranian oil, warning that it will intensify turmoil in the Middle East and in the international energy market.

“China firmly opposes the U.S. implementation of unilateral sanctions and its so-called long-armed jurisdiction,” Foreign Ministry spokesman Geng Shuang said at an April 23 press briefing.

The White House announced on April 22 that the United States will not renew exemptions granted in 2018 to five buyers of Iranian oil — top customer China as well as India, Turkey, South Korea, and Japan — pressuring importers to stop buying from Tehran.

The exemptions, or waivers, allowed the five countries to buy Iranian oil without facing U.S. sanctions. The White House has said that the decision to end them is intended to bring Iran’s oil exports — a key source of revenue for the authoritarian government — to zero.

The United States has said it was working with Saudi Arabia and the United Arab Emirates, two of the largest oil exporters, to ensure the market was “adequately supplied.”

China
“China firmly opposes the U.S. implementation of unilateral sanctions and its so-called long-armed jurisdiction,” Foreign Ministry spokesman Geng Shuang said at an April 23 press briefing.
VOA

Saudi Arabia, Iran’s main regional rival, welcomed the U.S. decision to end all Iran sanctions waivers by May.

“Saudi Arabia fully supports this step…as it is necessary to force the Iranian regime to end its policy of destabilizing stability and its support and sponsorship of terrorism around the world,” Foreign Minister Ibrahim al-Assaf said on April 23.

Japan has said it expects a limited impact from the U.S. decision.

“We will closely watch international oil markets and exchange views with Japanese companies involved in crude imports and may consider taking necessary measures,” Japan’s trade and industry minister Hiroshige Seko said on April 23.

Iranian Oil Minister Bijan Zangeneh said on April 23 that the United States will not succeed in cutting the country’s oil exports to zero, telling parliament that Iran will work “with all our might…toward breaking America’s sanctions.”

A spokesman for Iran’s Foreign Ministry dismissed the U.S. decision on April 22, calling sanctions “illegal” and saying that the country “did not and does not attach any value or credibility to the waivers.”

oil refinery
The White House announced on April 22 that the United States will not renew exemptions granted in 2018 to five buyers of Iranian oil — top customer China as well as India, Turkey, South Korea, and Japan — pressuring importers to stop buying from Tehran. Pixabay

The European Union said on April 23 it “regrets” the U.S. decision, warning that it would further undermine a 2015 agreement between world powers and Iran that granted Tehran sanctions relief in exchange of restrictions on its nuclear program.

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The United States quit the deal in May 2018, and renewed U.S. sanctions have hit Iran’s economy and contributed to the fall of the national currency, the rial.

The EU will “continue to abide by [the deal] as long as Iran continues with full and effective implementation,” EU foreign policy spokeswoman Maja Kocijancic said. (RFERL)

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“China to Lead World in 5G Scale”, Says Qualcomm President

As the mobile ecosystem follows the relationship and the expansion of the Chinese economy through all those different countries, it is likely to be very competitive in the transition to 5G

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5G touches many industries, not only cellphones, but also smart cities, automobiles, healthcare and other sectors. It is now being understood by governments worldwide that 5G is very important and no country including China will benefit from being late to 5G. Pixabay

China will lead the world in the 5G scale and Qualcomm expects to increase business with China in the 5G transition, Qualcomm President Cristiano Amon has said.

“China is likely going to have the largest 5G rollout and network,” Amon said on the sidelines of Qualcomm’s annual Snapdragon Tech Summit held this week in Maui, Hawaii.

“The scale in China’s deployment plans makes 5G ubiquitous with nationwide coverage as fast as possible.

“In terms of taking the importance of 5G as the future of Internet, I think China is doing the right thing with an accelerated rollout of this technology,” Amon said, Xinhua news agency has reported.

In June, China granted commercial-use 5G licenses to the country’s top three telecom operators — China Telecom, China Mobile and China Unicom — as well as China Broadcasting Network. Many Chinese tech companies unveiled their 5G smartphones.

According to the China Academy of Information and Communications Technology, 5G technology is expected to create more than 8 million jobs by 2030.

“I believe China understood since the very beginning that 5G will be the essential infrastructure to connect to the Internet. And the numbers that the three operators had made public are incredible,” Amon said.

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China will lead the world in the 5G scale and Qualcomm expects to increase business with China in the 5G transition, Qualcomm President Cristiano Amon has said. Pixabay

“If Chinese operators execute their plans, we will see 1 million 5G base stations by the end of 2020. And that is going to build the infrastructure that will not only connect billions of smartphones, but will also multiple billions of other smart devices and industries that will benefit from 5G,” he said.

In his opinion, China regards 5G as fundamental infrastructure for the society, which gives the country the advantage on the scale and the commitment to its deployment.

5G touches many industries, not only cellphones, but also smart cities, automobiles, healthcare and other sectors. It is now being understood by governments worldwide that 5G is very important and no country will benefit from being late to 5G, Amon said.

Unlike the deployment of 3G and 4G networks when China was behind other key markets, the country is now in the forefront of 5G transition with other leading economies, Amon said.

“I believe that is a sign of the maturity of the Chinese economy today,” he noted.

Optimistic about the progress of the Chinese mobile ecosystem, Amon noted that it is very consistent with the Belt and Road Initiative (BRI).

“As the mobile ecosystem follows the relationship and the expansion of the Chinese economy through all those different countries, it is likely to be very competitive in the transition to 5G,” Amon said.

He cited the examples of Chinese tech companies such as Xiaomi, OPPO and OnePlus. Phones of Xiaomi are now in the portfolio of virtually every operator in Europe, while OnePlus is growing in the US, which is traditionally a very difficult market.

“We have now two vibrant companies of China’s ecosystem in the US market, one is OnePlus and the other one is Motorola-Lenovo, with the new Razor being a great innovation in the market,” he said.

China’s mobile ecosystem will take the opportunity of the 5G transition to grow outside the country and establish a very strong position in the markets such as Southeast Asia, Latin America, Eastern and Western Europe and the US, Amon said.

Saying that he is “super excited” about Qualcomm’s business in China, Amon applauded the win-win cooperation between Qualcomm and its Chinese partners, such as Xiaomi, OPPO, OnePlus, Vivo and Motorola.

Amon called the cooperation an example of successful relationship between the two countries, adding that it allows Chinese partners to not only grow in domestic consumption, but also expand outside China with the BRI.

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According to the China Academy of Information and Communications Technology, 5G technology is expected to create more than 8 million jobs by 2030. Wikimedia Commons

“We are not backing down on our China cooperation. We’re increasing our cooperation in resources towards or partnerships in China in the 5G transition,” he said.

According to Amon, despite the current China-US trade frictions, Qualcomm’s business with China is increasing, rather than decreasing. “I expect that to continue in 2020 and 2021 as we go to this 5G transition,” he said.

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At the summit, Qualcomm unveiled two new 5G Snapdragon mobile platforms — Snapdragon 865 and 765/765G. It also announced the world’s first 5G-supported extended reality platform, modular 5G mobile platforms and new 3D sonic fingerprint technology.

Defining the role of Qualcomm as an enabler of mobile ecosystem and partnerships, Amon said that 5G has unlocked an era of the “Invention Age.” (IANS)