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

Orban and Fico set up Druzhba investigative team

Afghanistan’s Foreign Minister Muttaqi calls for dialogue

Beersheba mayor orders opening of public shelters

Russia claims potential Black Sea gas pipeline sabotage

Over 32,000 illegal Afghans deported from Punjab

Magnitude 5.4 earthquake strikes Bangladesh -

Ukraine shoots down drone near Romanian border

China urges citizens in Iran to evacuate

Hakan Fidan holds calls with Pakistan, Afghanistan FMs

Sweden intercepts suspected Russian drone

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