[WSJ] How China Secretly Pays Iran for Oil and Avoids U.S. Sanctions

2 comments

1. Submission statement: China has quietly built a barter-style system that lets it pay for Iranian oil despite U.S. sanctions, deepening economic and political ties between the two nations. In this arrangement, Iran ships oil to China, while Chinese state-backed firms build infrastructure projects in Iran, with payments routed through a secretive financial entity known as Chuxin and insured by Sinosure, China’s state export-credit agency. By bypassing the global banking system, this conduit funneled an estimated $8.4 billion last year to fund Chinese infrastructure work in Iran, helping Tehran evade Washington’s “maximum pressure” sanctions. The U.S. has sanctioned smaller Chinese actors but avoided targeting major state firms, while Beijing defends the arrangement as legitimate cooperation and rejects U.S. sanctions as illegal.

2. Also crypto is likely. Which is why Israel has been targeting IRGC crypto wallets and stealing crypto out of them

Comments are closed.