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China builds yuan trade network to help Iran and Russia sidestep Western sanctions
China settles over 90% of its $245B trade with Russia in local currencies and imports most of Iran's oil in yuan, building a parallel financial system
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cryptobriefing.com
China builds yuan trade network to help Iran and Russia sidestep Western sanctions
China settles over 90% of its $245B trade with Russia in local currencies and imports most of Iran's oil in yuan, building a parallel financial system
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hindustantimes.com
China Is Luring the World to the Yuan—and Hobbling Western Sanctions
Iran and Russia have used the currency to carry out oil sales and other trade, evading controls on dollar transactions. | World News
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Iran increasingly uses China's financial system to evade US sanctions
Iran routes oil revenue through China's yuan-based financial system to evade US sanctions, as Beijing orders firms to ignore Washington's restrictions.