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(Asharq Al-Awsat-UK) Ali M. Pedram - Iran and China have reached an agreement to unblock up to 22 billion euros of Iranian assets, mainly from oil export revenues. Hassan Sobhani-Nia, an MP and member of the administrative board of Iran's parliament, announced on Saturday that "Chinese officials have agreed to finance some $20 billion in Iran in lieu of the blocked assets in China which belong to the Islamic Republic." China has imported 16 million tons of Iranian oil during the first nine months of 2013, an 18% increase over the same period last year. Sobhani-Nia also announced that $100 billion of Iran's money is frozen in foreign banks because of the sanctions.2013-11-04 00:00:00Full Article
Iran Negotiating with China to Unblock Billions of Assets
(Asharq Al-Awsat-UK) Ali M. Pedram - Iran and China have reached an agreement to unblock up to 22 billion euros of Iranian assets, mainly from oil export revenues. Hassan Sobhani-Nia, an MP and member of the administrative board of Iran's parliament, announced on Saturday that "Chinese officials have agreed to finance some $20 billion in Iran in lieu of the blocked assets in China which belong to the Islamic Republic." China has imported 16 million tons of Iranian oil during the first nine months of 2013, an 18% increase over the same period last year. Sobhani-Nia also announced that $100 billion of Iran's money is frozen in foreign banks because of the sanctions.2013-11-04 00:00:00Full Article
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