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How Do China and Iran Circumvent Us Sanctions?
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In an effort to evade US sanctions, the Wall Street Journal revealed that Beijing and Tehran have struck a secret agreement under which Tehran would send oil shipments to Beijing, Iran's largest oil buyer, in exchange for Chinese state-owned companies undertaking infrastructure projects in Iran. According to the newspaper, US sanctions make it nearly impossible to pay for Iranian oil, but China found a way to do so in an arrangement that has rem…
·Mecca, Saudi Arabia
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China uses a secret system to pay Iranian oil without violating US sanctions, reveals the Wall Street Journal.
·Curitiba, Brazil
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