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Iran avoids sanctions with the help of China

2024.04.02, 15:48
Iran avoids sanctions with the help of China

As Western sanctions against Iran escalate, Beijing has created an alternative market for the country's restricted oil.

Gunaz.tv

According to the information provided by Iran's Labor News Agency (ILNA), Iran's Customs Chief Mohammad Rezvanifar said on Tuesday that Iran's oil exports reached 35.8 billion dollars in the last 12 months.

Despite the reimposition of U.S. sanctions on Tehran in 2018, Chinese purchases of Iranian oil have allowed the country to maintain a positive trade balance.

Without oil exports, Iran would have registered a $16.8 billion trade deficit, Rezvanifar said.

He added that total trade registered a 2.6% year-on-year increase, reaching a value of $153 billion, of which $86.8 billion was Iranian exports.

 

 

GunazTV

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