Exposed: How China Helps Iran Evade Sanctions Through Multibillion-Dollar Oil Scheme
A network of Chinese petrochemical refiners is behind an upswing in the importation of illicit Iranian crude oil, providing the hardline regime in Tehran with at least $22 billion in revenue since President Joe Biden took office. Chinese refiners known as teapots, which are semi-independent and not state-controlled, are primarily responsible for "funding this illicit and uniquely lucrative trade" with Iran, according to information obtained by United Against a Nuclear Iran (UANI), an advocacy group that works to expose those who help Tehran to evade economic sanctions.
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Eye on Iran is a news summary from United Against Nuclear Iran (UANI), a section 501(c)(3) organization. Eye on Iran is available to subscribers on a daily basis or weekly basis.