06.10.2025, 10:39
Details of Iranian oil supplies to China have become known
Source: OREANDA-NEWS
OREANDA-NEWS In exchange for Iranian oil supplies, China builds infrastructure facilities in the Islamic Republic and ships its goods. The details of such barter transactions were found out by The Wall Street Journal (WSJ).
As Western officials explained to the publication, the Chinese insurance company Sinosure and the financial organization Chuxin are involved in the process. All operations bypass the international banking system.
Last year, the equivalent of $8.4 billion was allocated for the construction of facilities in Iran. The volume of infrastructure work by Chinese companies in the country has been growing since 2021. This scheme makes it possible to circumvent US sanctions against Tehran and not use global payment systems.
Earlier, the Reuters news agency reported an increase in the number of barter transactions, including the use of grain, in trade between Russia and China. Analysts were prompted by the growing discrepancy between the data of the Federal Customs Service (FCS) and the Bank of Russia on imports of goods from China.
At the same time, Russian experts called this trend not very significant, explaining that the number of such transactions is growing only at the expense of small companies. As for the major players, it has not been possible to achieve significant changes in relations in recent years.
As Western officials explained to the publication, the Chinese insurance company Sinosure and the financial organization Chuxin are involved in the process. All operations bypass the international banking system.
Last year, the equivalent of $8.4 billion was allocated for the construction of facilities in Iran. The volume of infrastructure work by Chinese companies in the country has been growing since 2021. This scheme makes it possible to circumvent US sanctions against Tehran and not use global payment systems.
Earlier, the Reuters news agency reported an increase in the number of barter transactions, including the use of grain, in trade between Russia and China. Analysts were prompted by the growing discrepancy between the data of the Federal Customs Service (FCS) and the Bank of Russia on imports of goods from China.
At the same time, Russian experts called this trend not very significant, explaining that the number of such transactions is growing only at the expense of small companies. As for the major players, it has not been possible to achieve significant changes in relations in recent years.
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