Posted on 02/19/2012 10:42:29 PM PST by U-238
In an attempt to escape the effects of the wide-ranging sanctions imposed over Iran's illegal nuclear programme, Iran's central bank is using a number of financial institutions in China and Turkey to fund the purchase of vital goods to keep the Iranian economy afloat.
According to Western security officials China, which is Iran's largest oil trading partner, is playing a major role in helping Iran to avoid the sanctions.
Instead of transferring payments to Iran owed from oil purchases, Chinese banks are using the money to buy goods on behalf of the Iranians and then shipping them to Iran.
"It is like an old-fashioned barter mechanism," explained a senior security official. "The money Iran earns from oil sales goes into banks in China and is then used for Iranian purchases of other goods and materials. It is a very good way of getting round the sanctions." Security officials have also identified a number of financial institutions in Turkey that are helping Iran to evade sanctions.
Turkey, which maintains good diplomatic relations with Tehran, is particularly useful to Tehran because of its close trading ties with Europe.
(Excerpt) Read more at telegraph.co.uk ...
Ain’t a multipolar world grand . . . ? Once things really get out of control, they’ll be wishing that they kept Pax Americana around.
It also proves that sanctions are not working. There is nothing between the words and military action if you want to bring pressure upon a government
Well, this will certainly improved Turkey’s chances of becoming part of NATO. ;-(
Surprised?
Not Really. Turkey and China in 2010 participated in the Anatolian Eagle war game exercise.US officials worried that the exercise would allow the Chinese access to Western technology and an understanding of NATO tactics.
Russia is also involved in schemes like this.
Most Definitely
Well, it did.
“multipolar” Is that like bi-polar, only worse?
I’m shocked! Just shocked! Ok, just name ONE example of sanctions bringing some regime to collapse... Their ain’t none! Sanctions will always be undermined by nations like Russia, China, & the EU in general. They simply do NOT work & are completely ineffective. Just picture this one: the US & the UK use sanctions against Nazi Germany’s invasion of Poland. The UN uses sanctions against North Korea invading South Korea. The world uses sanctions to stop Russian’s invasion of Georgia. Economic sanctions are simply a crock. There is ALWAYS a way to get around them.
Same thing with arms blockades. Sure worked in the Spanish Civil War, and in Israel from 1948 to 1956—NOT! Let’s not forget the great success of sanctions in Iraq from 1991 to 2003 (stop laughing).
What could make TURKEY more part of the EU
or NATO than helping Iran ... against both.
Turkey already is part of NATO, and already blew its chance to become part of the EU, in part because of its new found affinity for Islamic extremism. If anything, they should kick Turkey out of NATO and let it stew in its own juices, instead of giving it access to information that it’s providing to Iran.
I am actually happy Iran and China are working together. This way Iran is forced to keep the Straight of Hormuz open. Closing it would be the last thing China wants to happen.
Now this would be a good opportunity for Israel to put a bit of pressure on Iran. Tell them in the UN that any attack on Israel will prompt an immediate closing of the Straight.
Of course Obama already looked at that contingency and offered China a port in Canada so they could get oil from the tar sands. Only at the cost of shutting down Keystone.
I am actually happy Iran and China are working together. This way Iran is forced to keep the Straight of Hormuz open. Closing it would be the last thing China wants to happen.
Now this would be a good opportunity for Israel to put a bit of pressure on Iran. Tell them in the UN that any attack on Israel will prompt an immediate closing of the Straight.
Of course Obama already looked at that contingency and offered China a port in Canada so they could get oil from the tar sands. Only at the cost of shutting down Keystone.
Well of course they are. Russia, China and North Korea are doing their best to facilitate war in the Middle East. I don’t care what they say or how well meaning they claim to be, those three countries have nothing but ill intentions in mind for the Middle East. They are the new “Axis of Evil.”
since the rationale for Turkey in NATO seems to have
dissapeared with the Soviet Union, maybe its time
to abolish NATO and pull our people and planes out
of there.. Why do we still have bases at Adana and Incirlik?
Iran stops oil sales to British and French firms (Islamic domination)
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