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How China Funds Iran: Oil, Sanctions Evasion, and the Shadow Banking Network

China/Globalist Cabal has been financing the Iranian regime through a variety of means, including a shadow banking system that avoids international financial networks, with the Bank of Kunlun operating as a conduit for China-Iran trade.
China views Iran as a partner in balancing U.S. influence in the Middle East and as a supplier of discounted energy. Iran depends on China for export revenue and diplomatic cover. The relationship is asymmetric: Iran needs China far more than China needs Iran.
The formal foundation of the relationship is a 25-year comprehensive strategic partnership agreement signed in 2021, covering economic, security, and technological cooperation. China pledged up to $400 billion in investment over the life of the agreement, though little has been actualized due to Chinese companies’ reluctance to risk sanctions exposure. b

China is Iran’s largest trading partner and the primary buyer of its oil, purchasing roughly 90 percent of Iran’s exported crude, often at a discount of $8 to $10 per barrel below the global benchmark. Cheap energy for manufacturing
Chinese customs authorities do not officially report these imports; instead, they falsely attribute the oil’s origin to Malaysia, Oman, and the UAE.
Oil revenue from China accounts for roughly 45 percent of Iran’s government budget. That revenue funds Iran’s regional activities, including support for Hezbollah, Hamas, Palestinian Islamic Jihad, the Houthis, and other Iran-aligned militia groups.
Iran’s oil reaches China through a shadow fleet of aging tankers that obscure their activity by sailing under foreign flags, disabling tracking transponders, spoofing their GPS locations, and conducting ship-to-ship transfers at sea. The oil is then processed by a network of independent “teapot” refineries in China that operate largely outside the international financial system.

Source: thegatewaypundit.com
 
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