Iran to North Korea: US Can't Be Trusted

North Korean state media lashed out at the USA on Monday for its determination to maintain sanctions against the DPRK while negotiations on its nuclear program are ongoing, describing it as the "tragicomedy of the century".

BEIJING - China's business ties with Iran are open, transparent and lawful, its foreign ministry said on Wednesday, after US President Donald Trump said companies doing business with Iran would be barred from the United States.

Ri was present alongside a high-level Iranian delegation at a meeting of the Non-Aligned Movement in Baku, Azerbaijan in April, according to Pyongyang's official KCNA news agency.

Media captionUS-Iran sanctions: What do they mean?

The first period started Tuesday and marked the reinstatement of sanctions on the purchase of USA bank notes by the Iranian government, Iran's gold trade and other financial and industrial transactions.

"China's lawful rights should be protected".

Iran's markets were actually relatively buoyant, with the rial strengthening by 20 per cent since Sunday after the government relaxed foreign exchange rules and allowed unlimited, tax-free gold and currency imports.

In November, a second batch of potentially more damaging sanctions will be reinstated on Iran's port operators, and the energy, shipping, and shipbuilding sectors.

Iran appears to be looking to discredit the U.S.in North Korea as a way to hamper President Trump's denuclearization effort.

Trump decided this year to pull out of the agreement, ignoring pleas from the other world powers that had co-sponsored the deal, including Washington's main European allies, Britain, France and Germany, as well as Russian Federation and China.

"We are in solidarity with the European Union position, obviously we are closely monitoring this and we are doing everything possible on the diplomatic level to stimulate a direct dialogue between the United States and Iran, and we think that dialogue should always prevail", he said.

President Trump slammed the Iranian regime with "the most biting sanctions ever imposed" this week; warning global leaders that anyone "doing business with Iran" will "not be doing business with the United States".

Among those that have suspended plans to invest in Iran are France's oil major Total, its big carmakers PSA and Renault, and their German rival Daimler.

Iran has dismissed a last-minute offer from the Trump administration for talks, saying it could not negotiate while Washington had reneged on the 2015 deal to lift sanctions.

His visit to Iran is the first by a high-ranking DPRK delegation since August previous year, when President of the Presidium of the Supreme People's Assembly Kim Yong Nam and vice foreign minister Choe Hui Chol spent several days in the country.

  • Rogelio Becker