These kinds of deals do potentially violate U.S. unilateral and secondary sanctions vis-à-vis the Islamic Republic (if Washington is foolish enough to push the point). The willingness to take advantage of such opportunities suggests that, while China’s leadership still does not want an open confrontation with the United States, Beijing is prepared to be more assertive in pursuing its interests in—and around—Iran.
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Race for Iran has got some further analysis of this news and its implications today.
http://www.raceforiran.com/sanctions-and-iran%E2%80%99s-regional-and-%E2%80%9Ceastern%E2%80%9D-options
Money Quote:
These kinds of deals do potentially violate U.S. unilateral and secondary sanctions vis-à-vis the Islamic Republic (if Washington is foolish enough to push the point). The willingness to take advantage of such opportunities suggests that, while China’s leadership still does not want an open confrontation with the United States, Beijing is prepared to be more assertive in pursuing its interests in—and around—Iran.
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