Several Middle Eastern and Asian economies, including China, Pakistan, and Iran, are turning to barter trade to avoid the impact of secondary sanctions ...
But these half-built cars are not paid for in cash. Instead, they are exchanged for containers of Iranian copper and zinc to feed China’s vast metals industry. The cars-for-metals trade, described to ...
US sanctions are intended to make it practically impossible to pay Iran for oil. But China, Iran's biggest buyer, has evaded the controls with a solution involving a workaround that allows billions of ...
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Trump Sanctions Revive Barter Trade: China's Chery Trades Half-Built Cars for Iran's Copper
Barter trade activities between Chinese automotive giant Chery Automobile and Iran have risen amid U.S. Sanctions on the country by President Donald Trump. As Trump escalated sanctions on Iran after ...
US sanctions make it nearly impossible to pay Iran for its oil. China has figured out how to do it anyway, in an arrangement that has largely been secret.
BusinessWorld on MSN
Shift to 10% VAT could signal more borrowing, taxes Metrobank says
THE GOVERNMENT could raise borrowing and other taxes to offset billions in foregone revenue should it decide to reduce value-added tax (VAT) to 10% from the current 12%, Metropolitan Bank & Trust Co.
In January, Washington issued an executive order to modify the map. Now, the Spanish oil company has joined companies like Google and Apple, which have already adopted the toponym used by the White ...
Arabian Post on MSN
Metal for Motors: China Trades Cars for Iranian Copper
Chinese automakers have revived a barter-style trade with Iran, sending semi-assembled vehicles in exchange for containers of copper and zinc that feed China’s non-ferrous metals sector. This swap, ...
In Part 1 of this field guide to Newfoundland and Labrador’s distinct political system, we focused on how easily our three major political parties — Liberal, Progressive Conservative (a.k.a. Tory), ...
This article was originally published by Deceleration, a journal of environmental justice. Standing before the United Nations last week, U.S. President Donald Trump unleashed long-held animosity for ...
China is said to be using barter systems to procure Iranian oil and metals, thereby avoiding Western sanctions on Iran, according to two separate media reports.
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