Tuesday, May 22, 2018

CHINA VS USA RE: IRANIAN NUCLEAR DEAL

   Conventional wisdom has it that China stands to benefit from the US withdrawal from the 2015 international nuclear agreement with Iran, particularly if major European companies feel that the risk of running afoul of US secondary sanctions is too high.
   In doing so, China would draw on lessons learnt from its approach to the sanctions regime against Iran prior to the nuclear deal. China supported the sanctions while proving itself adept at circumventing the restrictions.
      However, this time round, as China joins Russia and Europe in trying to salvage the deal, things   could prove to be different in ways that may give China second thoughts.

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