A report by an Iranian media website says China has agreed to finance $20 billion in development projects in Iran using oil money not transferred to the Islamic Republic because of international sanctions.
The U.S. and its allies have imposed oil and banking sanctions against Iran over its disputed nuclear program. Iran frequently uses barter arrangements because of the sanctions.
China is Iran’s top crude oil importer.
www.gatesofvienna.net
Showing posts with label china-iran partnership. Show all posts
Showing posts with label china-iran partnership. Show all posts
Sunday, November 3, 2013
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