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Banking Problems Halt Iranian Exports to China

08:22 EDT 4 Jul 2017 | CHEManager

Iranian petrochemical exports to China have stopped since May because of banking problems, according to Iran’s Press TV. Marzieh Shahdaei, managing director of Iran’s National Petrochemical Co. (NPC), told the Iranian news network that Chinese banks are refusing to pay Iranian exporters because of domestic regulations against money laundering that went into effect on May 1.

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