China and Iran reached a deal recently that will see approximately US$400 billion flow into the Persian nation over the next 25 years. That equals about $16 billion annually. All of the details of the agreement are not yet known, but it will involve investments in several sectors, including telecommunications, oil, gas, petrochemicals, railroads, banking, and harbors.
Iran has been hit hard by the pandemic and subsequent economic downturn, but it has also been struggling in light of U.S.-backed sanctions. Now, with China’s monetary aid, Iran will be able to skirt the sanctions and continue its reign as a sponsor and instigator of terrorism.
Iran has long been a nation bent on stirring up trouble, especially throughout the Middle East. It has continually called for the annihilation of Israel and funded terrorist groups and cells throughout Iraq, Syria, Lebanon, Palestine, and elsewhere.
In an effort to clamp down on Iran and its proxies, the nuclear agreement was signed in 2015. The agreement allowed the implementation of U.S. sanctions, limiting its economic viability and hindering Iran’s ability to purchase or sell weapons to its proxies. This was a bold move that helped to slow down Iran’s terrorist agendas. However, recently, the UN voted to lift the sanctions and from October, Iran will be able to overtly buy and sell weapons.
This surprising move by the UN means the money invested by China could very well end up supporting the ongoing attacks and assaults on military and civilian targets throughout the Middle East, and perhaps beyond.
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