Chinese banks stopped dealing with Iran due to US sanctions

American  " MEMO" site ,quoting from official source, noted that the Chinese banks stopped dealing with Iran in compliance with US sanctions against Iran.

Chinese banks stopped dealing with Iran due to US sanctions
2 November, 2018   12:07

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The head of  Iranian Chamber of Commerce  Assad Allah Asker al-Adi announced the Chinese banks stopped dealing with Iranian companies in compliance with US sanctions which would be activated next week

Iranian Tasnim agency quoting Asker al-Adi as he said " All Chinese banks are no longer dealing with Iranian businessmen because of US sanctions."

He added ,"banking transactions with Iranian exporters have been suspended."

The United States imposed its first round of sanctions against Iran in August after a unilateral withdrawal from the internationally backed nuclear deal in May this year.

Bloomberg Agency, reported the US government has agreed to allow eight countries, including India, to continue to buy Iranian oil after the sanctions come into force.

A.H

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