Iranian Ally China Unwilling To Release Country’s Frozen Oil Revenues

Iran’s President Ebrahim Raisi and his Chinese counterpart, Xi Jinping, in Beijing on February 14, 2023
Iran’s President Ebrahim Raisi and his Chinese counterpart, Xi Jinping, in Beijing on February 14, 2023

A moderate Iranian news website claims the Islamic Republic’s frozen assets in China are worth between $22 and $30 billion, suggesting that even Tehran’s close ally would not pay back its debts.