China Trades Infrastructure Projects For Iranian Oil To Bypass US Sanctions: Report
China Trades Infrastructure Projects For Iranian Oil To Bypass US Sanctions: Report
Iranian oil exports reached a peak in June despite Trump’s ‘maximum pressure’ campaign
China is purchasing billions of dollars’ worth of oil from Iran through a covert payment system that bypasses US sanctions by bartering oil in exchange for infrastructure projects, the Wall Street Journal (WSJ) reported on October 5.
“US sanctions make it nearly impossible to pay Iran for its oil. China has figured out how to do it anyway, in an arrangement that has largely been secret,” the WSJ wrote.
“The hidden funding conduit has deepened economic ties between the two US rivals in defiance of Washington’s efforts to isolate Iran.”
Upon coming to power in January, US President Donald Trump said he was imposing a “maximum pressure campaign” to stop Iran’s oil trade using economic sanctions.
However, Iranian exports reached a multiyear peak in June before the US and Israel’s 12-day war on the Islamic Republic.
🔗SOURCE ➡️ The Cradle
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10/23/24- Last Year’s BRICS Summit: BRICS Doubles Share of Global Oil Production In Welcoming Six New Members at BRICS Summit in S. Africa — @PsyopDaily / TheMcgwire Original [X]
BRICS has added 6 countries to the group — Egypt, Ethiopia, Argentina, UAE, Iran, and Saudi Arabia
BRICS went from controlling 20% of global oil production, to 42% of global oil production
10/22/24- Escobar: The Geoeconomic Drivers Of SCO-BRICS Synergy — Pepe Escobar
10/5/24- Iran’s Oil Production Nears Pre-Sanctions Levels: Report
5/31/24- China-Arab Ties Strengthen Amid Multipolarity and Geopolitical Shifts
5/26/24- India and Iran’s Chabahar Deal Challenges US-Backed Trade Corridor
8/25/23 — BRICS Doubles Share of Global Oil Production In Welcoming Six New Members at BRICS Summit in S. Africa [X]
In a HISTORIC move, BRICS has added 6 countries to the group — Egypt, Ethiopia, Argentina, UAE, Iran, and Saudi Arabia
7/26/23- The End of The PetroDollar, The Rise of BRICS is Here [X] — TheMcgWire / @PsyopDaily Original
….The real question is why should the sovereign country of Iraq … have to beg the US permission to conduct business with its neighbor that is in its own interest?
Somewhere in the answer to that question, is the prime reason for why BRICS is rising.
…7/25/23 — Washington Names Itself ‘Custodian’ of Iraqi Debt Payments to Iran via Oman
And thus, its no wonder the global south is breaking away from US control, when it so often overrides their own interests[and sovereignty]
March 2022 Flashback: US Hegemony Threatened As Saudis, UAE, India Ignore Threats of Sanctions, Turn to Russia/China — TheMcgwire / PsyopDaily original
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