Khabar Online correspondent reports that unlike Europeans and the United States, China and Russia which both have lucrative trade relations with Iran are expressing their reluctance over the decision.
However Russia is simply against increasing pressure on the energy sector of Iran and not the idea of blacklisting Iran's biggest banks including Central Bank of Iran, Melli Bank and Saderat Bank (Sepah Bank is already blacklisted).
The West argues that these banks are financing Iran to pursue its nuclear program which Islamic Republic says is aimed to produce electricity and accomplish peaceful purposes.
Meanwhile the silence of Chinese officials toward the new proposals made by the United States and France has been interpreted as an indication of backing Iran. China relies on rich oil and gas Iran for energy supplies and last year became Tehran's biggest trading partner with a business volume reaching to 36 billion dollars.
On the other hand, France has made a proposal to target Iran's energy sector in the new round of economic sanctions. Paris has emphasized on a ban on selling the equipments and technologies which enable Iran to increase its oil production. Also it suggests a limitation on exporting gasoline to the Islamic Republic. Here a more important issue at stake is banning new investments on Iran's technology of producing liquefied natural gas (LNG).
Defiant to the demands of Western powers over its nuclear program, Iran is negotiating with a number of Asian and European countries to attract investments on LNG sector. Some analysts believe that the disagreements between world powers and particularly China's refusal to cooperate with Europeans and the US on the new round of sanctions against Iran will make the suggested punitive measures against the country inconclusive.
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