New Methods Around Iran Sanctions
By Micah Halpern
Tuesday July 24, 2018
I've Been Thinking:
Countries are finding new methods to end around the new United States sanctions being imposed on Iran.
Many of these countries, including India, are afraid that the US might bring sanctions against them as well. But that fear has not stopped them from importing Iranian oil.
Another example is Sri Lanka, which owes Iran $250 million accrued over the past few months. Sri Lanka is planning on paying Iran with tea.
This is just the beginning.
Countries need Iranian oil - and so they will certainly continue to import Iranian oil.
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