July 15, 2020 8:41 pm

Iran-China Deal to Ditch Dollar, Bypass US Sanctions

Chinese President with his Iranian counterpart at Mehrabad Airport in Tehran- File photo

TEHRAN: A top aide of Iran’s supreme leader said on Wednesday that the roadmap for strategic partnership between Iran and China is to help ditch the dollar in bilateral trade and bypass unilateral US sanctions.

Ali Aqa-Mohammadi an advisor to Ayatollah Ali Khamenei, said the 25-year document is more than an “agreement” which usually encompasses just a certain issue.

The official said the partnership roadmap solidifies the two countries’ economic and defensive cooperation by protecting their dealings from “third-party intervention,” Press TV reported.

It would “close up and eliminate the key spots,” where sanctions, including those targeting defense cooperation between the two countries, could be implemented, he said.

“This document upsets the sanctions and the Iran-China roadmap disarranges many of the US plans,” he said.

Washington reimposed the sanctions in 2018 after leaving a landmark nuclear deal with Iran despite its ratification by the United Nations Security Council (UNSC).

“Coordination of Iran and China can take the region out of the US’ hands” by pushing Washington aside, breaking its sprawling regional network apart, and frustrating its attempts at isolating Tehran, Mohammadi, who is also a member of Iran’s Expediency Council, stated.

The roadmap, therefore, translates into “such defeat for the US, which will be unprecedented in the region,” he added.

On Sunday, The New York Times reported Iran and China were nearing the conclusion of strategic partnership in defiance of the US, saying the deal foresees “a sweeping economic and security partnership.”

According to The New York Times, the document also describes deepening military cooperation in a region that has been a strategic preoccupation of the United States for decades. It calls for joint training and exercises, joint research and weapons development and intelligence sharing.

India Bypassed

Meanwhile the Iran-India Chabahar port deal has run out of fuel. Iran has reportedly expelled India from the Chabahar rail project according to a report by The Hindu.

The railway project was meant to be part of India’s vow to the trilateral deal between India, Iran and Afghanistan to develop an alternate trade route to Afghanistan and Central Asia bypassing a hostile Pakistan.

With India-Iran relations touching an all-time low, the West Asian country has shown the door to India for two key projects – the second phase of Chabahar Port and development of Farzad-B block.

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Agencies