Iran Evades Sanctions with Oil-for-Goods Deals in China

Iran has been using oil-for-goods deals with China to bypass international sanctions on its oil sales, two senior Iranian sources and three other people familiar with the matter told Reuters. This barter-like arrangement allows Tehran to turn oil revenues into Chinese goods, including millions of dollars' worth of air-defense equipment.

The investigation reveals that Iran has been able to evade international scrutiny while acquiring billions of dollars' worth of goods from China, including military equipment. The sources did not provide specific details on the types or quantities of goods purchased by Iran.