Sanctions workaround supports Chinese exports to Iran
The report revealed that Iran is_using barter-like arrangements to circumvent the sanctions imposed on its oil sales. This is achieved through secret trade exchanges with China, involving military goods, medicines, and communication equipment. This mechanism allows Tehran to monetize its oil revenues and facilitate imports via unidentified financial entities, while China retains the ability to purchase Iranian oil at low prices. This method helps Iran and China continue their trade despite international sanctions, as financial flows remain outside official banking channels, avoiding U.S. sanctions. Estimates suggest that the volume of exchanges through this mechanism reached between $2 billion and $2.5 billion last year.
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