Good article, Dave.FrazeeDK wrote: ↑September 20, 2019, 4:38 pmThe Chinese will use this 400 billion line of credit to calm Iran down.. That's a lot of dough.. Probably the Mullah's acting out was in hope of something like this, along with the 15 billion dollar line of credit from France. https://www.forbes.com/sites/kenrapoza/ ... 381337468a
I'm wondering if China is thinking that there could be a similar result to what they experienced with Venezuela -- a country steeped in totalitarian government and very few exercises in good judgment. They had to abandon their petroleum investment with Venezuela.
I did notice that their billions in investment with Iran are over a period of 25 years. It's more on average per year than France's entire offer of $15 billion. I'm sure the Chinese Communists have set some boundaries for themselves that will tell them their limit and when to pull the plug on their investment if Iranian judgment continues to be poor.
Right now, Iran and China need each other, but history tells me that it won't always be that way. I fully expect Iran to continue to be reckless and bald faced liars. They'll probably eventually ruin this "deal" with China.
This information about France was interesting:
Thanks for posting that.France will either fall in line, get shamed for financing Iran to the tune of billions or watch as its private sector companies face the threat of sanctions-related fines.
French bank BNP Paribas was fined around $9 billion for breaching Iran sanctions a few years back.
French energy giant Total has around $5 billion invested in Iran and has been on pause since Trump reinstituted sanctions in 2018.