Kyle Chan
This is not about decoupling. This is about Beijing finally feeling comfortable enough to push back against what they’ve long seen as extraterritorial reach by the US over their own firms & banks. The move now places the burden back on the US to “choose” to enforce & escalate.
Henry Gao
MOFCOM just invoked the blocking statute for the first time, ordering all firms not to recognise, enforce, or comply with US sanctions imposed under EO 13902 & 13846 targeting 5 Chinese teapot refineries for their involvement in Iranian oil transactions. The decoupling is coming
