China opposes US sanctions under the Lindsey Graham Act

Beijing has strongly opposed a US bill that would impose sanctions against countries purchasing Russian oil and gas. Chinese Foreign Ministry spokesperson Lin Jian stated that China will take all necessary measures to protect Chinese citizens and local businesses.

A bill drafted by the recently deceased Senator Lindsey Graham* (listed as a terrorist and extremist in Russia) empowers US President Donald Trump to impose tariffs of up to 100% on imports from five countries. These are the largest buyers of Russian energy resources, primarily China and India. The initial version called for a 500% tariff. After consultations with the White House administration, the tariff was lowered.

At a briefing, Chinese Foreign Ministry spokesperson Lin Jian emphasized that Beijing opposes any unilateral sanctions that are not based on international law and have not been approved by the UN Security Council. The diplomat warned that any attempts at coercion and double standards will backfire.

The bill also provides exemptions for countries that import less than 15% of their Russian gas. Trump said he is considering supporting the initiative, which will be introduced in Congress this week in memory of Senator Graham*.

Comments

[APASUS]

What does China have to fear? They have such a volume of trade with the US that the Americans themselves would stop it, and there would be lines for toilet paper, too.

[former soldier]

What does China have to fear? They have such a volume of trade with the US that the Americans themselves would stop it, and there would be lines for toilet paper, too.

Because these sanctions will harm China too.

[APASUS]

Quote: Former soldier

What does China have to fear? They have such a volume of trade with the US that the Americans themselves would stop it, and there would be lines for toilet paper, too.

Because these sanctions will harm China too.

Sanctions that harm Americans in the US will not be understood; this is a 100% loss in the elections.

[Gomunkul]

I suspect the mess Trump and Netanyahu have stirred up in the Middle East will be long-lasting. This means China could lose access to oil from the region for a long time. The resulting shortfall will need to be compensated for somehow, and one option is purchasing from Russia.
Against the backdrop of such rhetoric from the US, it would be possible to hurry up and create an energy hub in Mongolia, declaring to the whole world that huge oil and gas deposits have been unexpectedly discovered there; this once worked for Erdogan.

[Nemchinov Vl]

Quote: Gomunkul

I can guess...

Beijing has strongly opposed a US bill that would impose measures against countries purchasing Russian oil and gas.

Chinese Foreign Ministry spokesman Lin Jian emphasized at a briefing that Beijing opposes any unilateral sanctions that are not based on international law and have not been approved by the UN Security Council.

did it get through? did you read it?!
felt a threat to "their margins" by purchasing for next to nothing and reselling at world prices??! Oh, these "allies"...

[topol717]

Quote: Vl Nemchinov

felt a threat to "their margins" by purchasing for next to nothing and reselling at world prices??!

Money is the last thing on the CCP's mind. Political influence is 100 times more important to them. They always emphasize this and never forget it. They've already played a game with the US to see whose tariffs will be higher. I don't think they'll bat an eyelid at it again. The US constantly stirs up chaos in the hopes of gaining some kind of privilege. If it doesn't work, they simply roll everything back and say someone overreacted. Now they're going at it again.

[Gomunkul]

Oh, these "allies"

Was there an alliance? China is using the opportunity to its advantage.
Today, news broke regarding the results of the meeting in Beijing in May, where agreement on the construction of the Power of Siberia 2 pipeline was once again unsuccessful.

[silverwolf88]

I have no doubt that mattress makers will accept this initiative.
China's position is one of bargaining with the United States and defending its interests... as well as conditions for an even greater discount on our resources.

[Zamira]

Quote: silberwolf88

conditions for an even greater discount on our resources

That's true. China won't let its chance slip. And it will try to minimize its losses, with all the negative (for US) consequences that entails.

[spirit]

Of course I'm worried) China is forcing the "chess player" to sell him gas at domestic Russian prices, as if it were a Chinese province) where else would he find such "partners"

[Derbenev Anton]

A deputy from the Far East demanded an explanation for why petroleum products are more expensive domestically than for export to China.
Afanasy Maksimov, a member of the Yakutia regional parliament, demanded an explanation for why Surgutneftegaz (based in the Khanty-Mansi Autonomous Okrug) sells petroleum products domestically at a higher price than for export to China. Maksimov published the response from the Sakha Republic Ministry of Housing and Utilities and Energy on his personal Telegram channel.
"The gist of the appeal was the price of crude oil supplied by Surgutneftegaz to the boiler houses in the village of Vitim. The company sells oil to Vitim at 65 rubles per ton including VAT, while it sells to China at 35 rubles, including transportation via the ESPO pipeline.
The Ministry of Housing and Public Utilities and Energy of the Sakha Republic stated that prices are determined by the market.

[rocket757]

It's obvious... the world doesn't revolve only around the desires of striped whales, but still, many, if not all, want to be friends with/trade with striped whales.
The striped ones have long built the world around their desires and, alas, it is not easy to change this.

[alexputnik17]

Quote: APASUS

What does China have to fear? They have such a volume of trade with the US that the Americans themselves would stop it, and there would be lines for toilet paper, too.

Moreover, there is a significant surplus in favor of China's mattress exports.
Trump has already been through this. He even hinted that he was doing something to China, but the Chinese immediately responded that they would have the same oncoming traffic, and Trump reversed.