September 10, 2026

How a billion-dollar sanctions dodge kept Chinese goods flowing to Iran

John Irish, Parisa Hafezi and Joe Cash

"China’s leaders do not want their banks or companies excluded from the international financial system. They want plausible deniability.”

ChinaMed Head of Research Andrea Ghiselli is cited in this exclusive Reuters report on how China is helping Iran circumvent U.S. sanctions through a barter-like system, in which billions of dollars of nIranian oil is exchanged for credits used to purchase Chinese goods, including military equipment.

Read the full article here.

With the support of

This project is realized with the support of the Unit for Analysis, Policy Planning and Historical Documentation - Directorate General for Political Affairs and International Security of the Italian Ministry of Foreign Affairs and International Cooperation, in accordance with Article 23 ‒ bis of the Decree of the President of the Italian Republic 18/1967.
The views expressed are solely those of the authors and do not necessarily reflect the views ofthe Ministry of Foreign Affairs and International Cooperation.

Published with the support of the Ministry of Foreign Affairs and International Cooperation pursuant to art. 23-bis of Presidential Decree 18/1967. The views expressed in this publication are solely those of the authors and do not necessarily reflect the views of the Ministry of Foreign Affairs and International Cooperation.

tochina hub

Subscribe to the chinamed
newsletter on substack

Cookie Policy