Breitling Oil and Gas Morning Podcast #240 2-18-13

China has warned that the US sanctions recently imposed against a Chinese individual and
certain companies over their alleged trading with Iran will harm Beijing’s relations with
Washington, urging the US to “correct its mistaken policy.”

Chinese Foreign Ministry spokeswoman HwahChunying said in a statement on Monday that
the US measure “seriously violates the norms of international relations and harms China’s
interests.”

“China urges the United States to immediately correct its mistaken policy and revoke these
irrational sanctions toward the relevant companies and individuals and cease taking actions
that harm China’s interests and China-US relations,” the statement further read.

The United States this week imposed sanctions on a Chinese businessman and a number of
firms over the allegation that they have sold Iran items banned under the US Arms Control Act
and its Export Administration Act.

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