China Aviods West’s Iran Sanctions, Funds Development
China avoids West’s Iran Sanctions, Funds Development
A report by the Iranian media Tasnimnews.com Saturday said China agreed to finance $20-B in development projects in Iran using Crude Oil money not transferred to it because of international sanctions.
The Tasnimnews website published a report Saturday that the deal was reached during talks between Iran’s parliamentary speaker, and China leaders.
An Iranian government spokesman said last week that some $22-B of Iranian Crude Oil money is stuck in China because of Western sanctions will be used to finance major national infrastructure projects.
Iran frequently uses Crude Oil barter arrangements to circumvent the sanctions.
China is Iran’s top Crude Oil importer.
Latest posts by Paul Ebeling (see all)
- Australia’s Parliament Votes To Raise Debt Ceiling - December 10, 2013
- Fiscal Deal Needed To Ease Fed’s Burden Of Saving Economy Alone - December 10, 2013
- Gallup Poll: Most Americans Saving Over Spending In Trend Reversal - December 10, 2013
- ECB Official Cautions Against Challenges Of QE - December 10, 2013
- Former US President Wm Clinton, “Security Does Not Justify Espionage” - December 10, 2013
$HON, $VLO, Wall St. Analyst Upgrades, Downgrades And Initiations Below ... read more
Currencies: USD Dips To 80.15, Lowest Since Late-October 10-Yr: +03/32..2.851%.. USD /JPY: 103.23.. EUR/ ... read more
$ABX, $GG, $NEW, $AUY, $RGLD Looking At Gold Mining Stocks ... read more
Bruce Lee’s Yellow Suit Hammers For US$ 100,600 At Hong ... read more