PANews May 2 news, according to Jinshi reports, the spokesperson of the Ministry of Commerce: The Chinese government has consistently opposed unilateral sanctions that lack United Nations authorization and international legal basis. The issuance of this ban is a concrete action to implement the "Blocking Act on the Extraterritorial Application of Foreign Laws and Measures" and does not affect China's obligations and responsibilities under international law, nor does it affect China's legal protection of the legitimate rights and interests of foreign-invested enterprises. The Ministry of Commerce will continue to closely monitor the extraterritorial application of relevant countries' laws and measures. If situations as stipulated in the "Blocking Act on the Extraterritorial Application of Foreign Laws and Measures" arise, relevant work will be carried out according to the law.

Based on Articles 2, 4, 6, 7 of the "Blocking Act" and the decision of the working mechanism, the Ministry of Commerce has issued the following ban: No recognition, no enforcement, and no compliance with the sanctions imposed by the United States that include being listed on the "Specially Designated Nationals List", freezing assets and prohibiting transactions, targeting Hengli Petrochemical (Dalian) Refining Co., Ltd., Shandong Shouguang Luqing Petrochemical Co., Ltd., Shandong Jincheng Petrochemical Group Co., Ltd., Hebei Xinhai Chemical Group Co., Ltd., and Shandong Shengxing Chemical Co., Ltd. This ban will take effect from the date of its announcement.

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