Kunlun Bank of China does not cooperate with Iran

Kunlun Bank of China does not cooperate with Iran
  • 2020-08-05
  • .
Member of the Iranian Chamber of Commerce: The biggest problem is related to the basic goods that are imported from China and sometimes Russia. China makes excuses for shipping and money transfer sanctions and does not cooperate.

According to the International Iranian Stone Exhibition, Ali Shariati, referring to the non-approval of the FATF and its impact on the non-return of export currency, told ILNA: "The new FATF list has certainly created new problems, even with neighboring and surrounding countries."

He added: "Of course, the biggest problem is related to the basic goods that are imported from China and sometimes Russia. China makes excuses for shipping and money transfer sanctions and does not cooperate."

This member of the Chamber of Commerce stated: In the new round of sanctions against Iran, China Kunlun Bank will not cooperate with us.

"Although China and Russia themselves are under sanctions, they are working with us with a lot of consideration," he said.

Shariati further emphasized: the situation and the reason for non-return of twenty-seven billion dollars of foreign currency to the country should be determined and analyzed in the form of a table of destinations and the amount of exports, because the main non-return is related to petrochemical and steel industries. 

He reminded: "In any case, many exports were in low numbers and what was exported to neighboring countries were not very bank-oriented."

* ILNA