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

Magyar vows to clamp down on alleged corruption

Russia updates Ukraine loss figures

Turkiye launches first local mini submarine - Video

North Korean troops join Moscow parade - Video

Hungary's new PM sworn in after landslide victory

IDF issues evacuation warnings in southern Lebanon villages

Erdogan discussed regional tensions in call with Al Nahyan

Mikhail Yevdokimov highlights Azerbaijan’s role in victory

U.S. military redirected 57 commercial vessels, disabled 4

Russia showcases S-500 system at Victory Day parade

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