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10 Sept 2026, 12:46

Reuters, citing two senior Iranian sources and three informed individuals, reports that the Iranian government is using a mechanism similar to barter and circumventing sanctions to import billions of dollars worth of goods, including military equipment, from China.

In a report published on Thursday, September 10, unnamed sources stated that this secret trade mechanism has provided Iran with a vital financial lifeline in exchange for oil, allowing for imports from China in recent years amid increasing economic and military pressures from the United States.

They noted that this mechanism has also helped China, the world's largest importer of crude oil, gain access to discounted Iranian oil.

According to Reuters and sources involved in the discussions, Iran has also used this mechanism to purchase medicine, vehicles, and communication equipment from China.
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