Portuguese 
English 
Spanish 
3 min of reading 
0 comments 
China Develops Secret Financial System to Continue Buying Oil from Iran, Bypassing U.S. Sanctions and Strengthening Its Strategic Partnership with Tehran.
In a move that reinforces its influence in the global energy market, China has set up a parallel payment system to continue acquiring Iranian oil, despite the sanctions imposed by the United States. The scheme operates outside the traditional banking system and has been structured to avoid international tracking, as reported this Monday, the 6th.
According to international reports, Chinese state-owned companies continue to import oil from Iran, but payments are not made directly to Tehran. Instead, the funds are channeled to an intermediary institution called “Chuxin”, which is little known and operates off the global financial radar. This company is responsible for redistributing the resources within Chinese territory, without the need to use dollars or Western banks.
Payments Are Converted into Works and Services in Iran
The operation goes beyond simple financial transfers. The money accumulated by Chuxin is used to finance infrastructure projects led by Chinese companies in Iran, including refineries, airports, and transportation works. In this way, the Persian country is compensated with services and investments, rather than with direct cash transfers.
-
Lula reveals a masterstroke by Petrobras to undo a deal made by Bolsonaro, which involves the return of an important refinery that currently produces less than half of what was expected and makes Brazil dependent on international diesel.
-
A study confirms that the natural gas sector will reduce greenhouse gas emissions in Brazil by 0.5% and accelerate the energy transition by 2026.
-
Petrobras implements a severe adjustment and confirms a 55% increase in the price of aviation kerosene with a proposal for installment payments for the companies.
-
The rise in oil prices could ensure an extra revenue of R$ 100 billion for the Federal Government, indicates a recent economic study.
The system is backed by Sinosure, a Chinese state-owned company specialized in export credit insurance. It guarantees payment to the Chinese companies involved, reducing risks and ensuring that transactions occur with institutional backing. Thus, the financial flow remains within China, protected from sanctions and keeping Iran economically active.
In addition to the financial aspect, the scheme also includes a complex logistical system designed to disguise the origin of Iranian oil. Transfers take place between ships at sea, and falsified cargo documents are produced, making it difficult for international authorities to track the operations.
These maneuvers make it virtually impossible to identify the exact origin of the oil arriving at Chinese ports. As a result, Beijing maintains its energy imports at stable levels, without fully submitting to the restrictions imposed by Washington.
Strategic Partnership Strengthens Ties Between China and Iran
Geopolitical experts point out that the strategy highlights the growing rapprochement between China and Iran. Since the United States reinstated sanctions against Tehran in 2018, the Persian country has faced difficulties in accessing the global financial system. In this context, Chinese support has been crucial in sustaining part of the Iranian economy and keeping its oil production active.
The partnership, beyond being economic, has a political character. By supporting Iran, Beijing signals to the world that it intends to operate independently of Western financial rules and strengthen an alternative cooperation network. This aligns with China’s policy of energy diversification and the quest for strategic autonomy in the oil sector.
The U.S. government continues to monitor Chinese and Iranian movements, but experts assert that the ability of the United States to impose new restrictions is limited. This is because the system created by China does not depend on international banks or transactions in dollars — factors that historically give strength to sanctions.
Meanwhile, Iranian oil continues to flow to the Asian market, and China solidifies its position as the main destination for Iran’s exports. The initiative reveals a new chapter in the global competition for energy influence, where Beijing seeks to expand its presence in strategic regions, ensuring supplies and exercising economic power on an international scale.
-
Uma pessoa reagiu a isso.