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20.04.2021 - BERLIN/TEHRAN/BEIJING - GERMAN-FOREIGN-POLICY.com
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With oil purchases and agreements of cooperation, China ensures long-term influence in Iran. Berlin and Brussels lose out due to US sanctions.
Berlin and the EU could permanently lose out on political influence and substantial business deals in Iran, due to new agreements between Iran and China, on the one hand, and to the ongoing US blockade of Tehran on the other. The People’s Republic of China has not only been able to somewhat maintain its Iranian oil imports despite US sanctions, and, since the beginning of the year, also register a significant increase. Over the weekend, Beijing even concluded a comprehensive cooperation agreement with Tehran, which provides for huge investments and could, in the long run, procure a long-term dominant economic influence for China in Iran.