...

Official: Iran creating new banking mechanisms with Europe, China

Business Materials 5 November 2018 11:20 (UTC +04:00)

Baku, Azerbaijan, Nov. 5

By Elnur Baghishov - Trend:

New ways are being explored for Iran’s banking mechanisms with Europe, China and Russia regarding oil exports and finance relations and in order to avoid the US sanctions, said Assadollah Gharakhani, spokesman for the Iranian Parliament Energy Committee, IBENA news agency reported.

He said that all structures in Iran are searching for financial channels via Europe, China and Russia.

“During the previous sanctions, Iran had many financial channels in China and Turkey, including two famous banks and some currency exchange offices in the UAE,” he said. “However, these channels were identified by the US.”

He added that the China National Petroleum Corporation (CNPC) is interested in buying oil from Iran.

The CNPC is exploring ways to solve the problem and will choose a bank for economic exchanges with Iran, he noted.

Tags:
Latest

Latest