UP

Iran ensnared in Chinese ‘Colonial Trap’

Home page World
12 Punto 14 Punto 16 Punto 18 Punto
Iran ensnared in Chinese ‘Colonial Trap’

Iran relies heavily on China for its oil exports, with over 92% of its crude going to the country, often at steep discounts of around 30%.

Axar.az reports that a senior Iranian trade official, Hojatollah Mirzaei, criticized this dependence, calling it a "colonial trap" imposed by U.S. sanctions.

He highlighted that the logistical costs of evading sanctions significantly inflate Iran’s economic burdens, consuming more than half the value of each barrel. Additionally, China dictates transaction terms, sometimes tying payments to purchases of Chinese products like electric buses.

This reliance reflects the strain sanctions have placed on Tehran, forcing it into costly covert operations using "ghost fleets" to transport oil.

Date
2024.11.28 / 14:36
Author
Axar.az
See also

EU summons Russian envoy over Romanian airspace violation

Zelensky, Netanyahu speak ahead of Graham funeral - Video

Iran seeks compensation from Ukraine over ship strike

Netanyahu: Trump meeting 'one of best we've ever had'

Russia to amend defense pacts with Kazakhstan, Uzbekistan

Zelensky meets Lockheed Martin on Patriot production - Video

Iran denies requesting talks or ceasefire with US

Ukraine, Iran FMs hold phone talks on escalation

Ukraine weighs criminal case against Lukashenko

ISIS pledge video found on Berlin attack suspect's phone

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla