China sides with Iran
China is planning to invest $280 billion in Iran’s oil, gas, and petrochemical sectors that are being affected by US sanctions, according to Petroleum Economist magazine.
...This vast amount will be disbursed during the first five years of the agreement’s entry into implementation, with possible additional investments in subsequent similar periods, if both parties agree.
In return, Iran will grant Chinese companies the priority right to participate in tenders for any new, frozen or incomplete projects to develop oil and gas fields, as well as all petrochemical projects, including the provision of technology and staff to implement these projects.
This is one of the most significant events of 2019.
An investment of that size can enable Iran to survive the sanctions.
The Trump Administration responded by threatening China.
“We will sanction any sanctionable activity,” Brian Hook, the State Department’s special representative for Iran, told reporters Wednesday. “We've already done that once with China. So that is our policy. We have demonstrated that many times since we left the deal.”
Hook was responding to China’s reported decision this week to invest $280 billion in Iran’s oil industry in defiance of the sanctions that Trump’s team hopes will force Iran to agree to new curbs on its nuclear program and regional aggression.
Yeh, that'll work.
In reality, China didn't dare the U.S. to act, they thumbed their nose at the U.S. as if we are irrelevant.
Meanwhile, Russia made a smaller, but still significant move.
Russia has offered to help Iran to skirt US sanctions by allowing it to transport crude oil through ports in Crimea, in a further sign of growing ties between Moscow and Tehran.
Both China and Russia recently offered to upgrade Iran's air force.
Iran, China, and Russia have little in common except a common enemy.