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News Wire / politics

China Circumvents US Sanctions On Iranian Oil

RFI Monde Washington D.C. 13d13d Impact 5

The United States has frozen all assets held by Joseph Cabilla on American soil. These assets were reportedly used to bypass the traditional banking system. The announcement also included new sanctions targeting Chinese oil refineries. The Treasury aims to disrupt methods used to circumvent international financial regulations. The new sanctions specifically target Chinese companies and refineries, including Hengli and the Abariq al-Shal refineries. These refineries are noted for processing the majority of Iranian oil exports. Washington has imposed direct sanctions on several Iranian entities, including the Al-Shal refineries. These refineries reportedly account for 80% to 90% of Iran's oil exports. This volume is estimated at 1.4 million to 1.8 million barrels per day between 2025 and the present in 2026.

The United States has frozen all assets held by Joseph Cabilla on American soil. These assets were reportedly used to bypass the traditional banking system. The announcement also included new sanctions targeting Chinese oil refineries. The Treasury aims to disrupt methods used to circumvent international financial regulations. The new sanctions specifically target Chinese companies and refineries, including Hengli and the Abariq al-Shal refineries. These refineries are noted for processing the majority of Iranian oil exports. Washington has imposed direct sanctions on several Iranian entities, including the Al-Shal refineries. These refineries reportedly account for 80% to 90% of Iran's oil exports. This volume is estimated at 1.4 million to 1.8 million barrels per day between 2025 and the present in 2026. Chinese entities are navigating around unilateral sanctions to avoid direct confrontation with US trade authorities. Reports indicate China is avoiding direct confrontation with the US while facilitating Iranian oil transactions to bypass sanctions. China's trade with Washington is 414 billion dollars compared to 13 billion dollars with Tehran.

Topics

sanctions asset freeze

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Sources · 7 independent

RFI Monde

“Joseph Cabilla ne pourra plus commercer avec des entreprises et des citoyens américains et tous les avoir qu'il pourrait détenir sur le sol américain sont désormais gelés.”

Al Jazeera Arabic Voice

“وزارة الخزانة الأمريكية أعلنت أيضا عن تجميدي 344 مليون دولار من العملات”

Al Jazeera Arabic

“the US Treasury Department also announced the freezing of 344 million dollars in digital currencies in wallets linked to Iran to be used as a way to circumvent the traditional banking system”

Al Jazeera Arabic

“the US Treasury Department also announced the freezing of 344 million dollars in digital currencies in wallets linked to Iran”

Al Jazeera Arabic Voice

“وزارة الخزانة الأمريكية أعلنت أيضا عن تجميدي 344 مليون دولار من العملات في محافظ مرتبطة بإيران”

Al Jazeera Arabic Voice

“كان النقطة الفارقة في مسار العقوبات الجديدة ضد إيران واشنطن فردت عقوبات مباشرة على نصفات هنغلي الصينية”

Al Jazeera Arabic

“Washington has imposed direct sanctions on... the so-called Al-Shal refineries, which are the refineries that acquire between 80% to 90% of Iran's oil exports.”

Al Jazeera Arabic Voice

“مع تصعيد العخوبات الأمريكية ضد كيانات صينية تكتفي بجين وبيانات معارضة لما تسميه بعخوبات أحادية الجانب لا تكسرها بشكل صريح لكن تلتف حولها بهدوء”

Al Jazeera Arabic Voice

“تتجنب أي مواجهة صريحة معلولات المتحرة الأمريكية الأكثر أهمية لإفصادها من إيران”

Al Jazeera Arabic Voice

“اشترت ما بين 80 إلى 90% من صادرات إيران النفطية بما يعادل حوالي مليون 400”

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