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US Sanctions Backfire: China Opens $10 Billion Credit Line For Iran

September 19th, 2017
Categories: Past News

Link: http://www.blacklistednews.com/US_Sanctions_Backfire%3A_China_Opens_%2410_Billion_Credit_Line_For_Iran/60870/0/38/38/Y/M.html

China has opened a $10 billion line of credit intended to finance energy, transportation, water and other key Iranian infrastructure projects. The significant credit line will primarily use euros and yuan to bypass the US sanctions.

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