Iran exploring new banking channels to circumvent US restrictions

Financial Tribune – The government is exploring new ways to bypass US sanctions and find banking channels to Europe, China, and Russia for oil exports and financial transactions, says Asadollah Qarekhani, spokesman of the Majlis Energy Commission.

He said the US, as the world’s top economy, is using unjust and hostile pressure tactics against Iran “but the US is not the whole world.”

All key economic sectors are striving to find “financial channels through Europe, China, and Russia and are negotiating for finding ways “to neutralize” American hostility,