Iran and China use barter trade mechanism to bypass restrictions
Iran and China have established a settlement system that allows them to maintain trade turnover while bypassing traditional financial mechanisms.
Abdulrahman Sadikhli1 min readText size
Iran and China are using a secret trade mechanism that allows Tehran to maintain economic stability under external pressure. The system functions as a barter scheme in which Iranian oil is exchanged for credits to pay for Chinese imports.
This model of cooperation has become an important financial tool for the Iranian side in recent years. Using such settlements allows the parties to continue their cooperation while bypassing standard international banking channels.
Source: jpost.com
