China Is Treading a Fine Line in Iran

EXECUTIVE SUMMARY: Now that Donald Trump has exited the 2015 JCPOA nuclear deal with Iran, there is more at stake for the other signatories than either their belief in the deal’s virtues or their eagerness to salvage economic opportunities. Maintaining the deal without the US would deliver a severe blow to American credibility and perceptions of US power. China has long experience circumventing sanctions regimes, but the environment surrounding the reimposed sanctions is likely to be unusually confrontational.

Chinese businessman Sheng Kuan Li didn’t worry about sanctions when he decided in 2010 to invest $200 million in a steel mill in Iran. That mill started producing ingots and billet within months of the lifting of punitive measures against the Islamic Republic as part of the 2015 international nuclear agreement with Iran.

As he had no operations in the US, Li was not concerned about being targeted by the US Treasury. Moreover, he circumvented financial restrictions on Iran by funding the investment through what he called a “private transfer,” a money swap based on trust that avoided regular banking channels.

via China Is Treading a Fine Line in Iran

This entry was posted in Articles, Features, Re-Blogs by OyiaBrown. Bookmark the permalink.

About OyiaBrown

Please send me, as a comment to this page, any old material you have for inclusion in The Daily Joke Alert - to help enable us all to have our fancy tickled regularly! Never mind the state it's in as I tidy everything up prior to publication. Don't let good material go to waste - and so much does. In the interests of the environment we should always try to re-cycle everything, especially jokes. You know that makes sense! You may find some historical stuff here, but this does not really matter as humor is fairly timeless.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.