The sanction against five U.S.-linked subsidiaries of Hanwha was imposed on the same day Beijing and Washington implemented port fees on each other’s ships.
‘We stand with our Philippine allies as they confront China’s dangerous actions which undermine regional stability,’ says a State Department spokesperson.
While China is looking for alternative routes, U.S. sanctions on ports, shipowners, and refiners aim to squeeze Iran’s export volumes to China, analysts said.
The sanction against five U.S.-linked subsidiaries of Hanwha was imposed on the same day Beijing and Washington implemented port fees on each other’s ships.
‘We stand with our Philippine allies as they confront China’s dangerous actions which undermine regional stability,’ says a State Department spokesperson.
While China is looking for alternative routes, U.S. sanctions on ports, shipowners, and refiners aim to squeeze Iran’s export volumes to China, analysts said.