Every few months, a shipping of auto parts leaves a production line in an industrial city on the banks of the giant Yangtisi River in China. The engines and structures are sent to another factory to partially collect in the so -called the form of ‘partial meeting’, before being loaded into containers and sent to their final destination, Iran. But these semi -combined cars do not pay their value in cash, but are rather replaced by Iranian copper and sinks to feed the large mineral industry in China. Trade “Cars for Minerals”, revealed by four people informed of the details of “Bloomberg”, contains a rare overview of how an unprecedented wave of Western sanctions was printed to dissolve the global trading system and revive the old barter system. The Heart of the Chinese Barter Network is centered on a barter around a group of companies in the province of Anhawi, the heart of the Chinese industry, including ‘Sherry Automobil’, which raised $ 1.2 billion last month by the first year offered in Hong Kong, and ‘not -Fermard -metal group’, one of the most prominent Chinese companies. Today, “Sherry” has become the largest company that exports Chinese cars to the world and the eleventh worldwide between passenger car enterprises, and its parts are an important ring in a complex commercial network in which cars are replaced by minerals, and even with a cashews, to avoid payment problems caused by the emerging wave of US sanctions. There are no indications that “sherry”, “tongue” or other companies mentioned in this report have violated the sanctions. You may be interested in: “Sherry” Chinese want to raise $ 1.2 billion from its launch in Hong Kong, the clearest people who asked not to reveal their identity because they discuss private information, that the car manufacturer does not deal directly with Iran in the commercial exchange, but rather sells parts and technologies to another company in the province. The transactions in Riyals and the Yuan American and European sanctions against Iran only target individuals and companies from the countries or those who handle their currencies (such as the dollar or the euro). Therefore, Chinese businesses can continue their business with Iran, as long as the transactions in Iranian Riyals or the Chinese Yuan are carried out, and not in Western currencies. Under the Chinese legislation, the trade with Iran remains completely legal. Representatives of ‘Sherry’ and ‘Tonging’ businesses did not respond to the repeated requests for comment on this report. Since the founding three decades ago, Sherry has become a success story in the Beijing -Fuller Bulletin in the context of the Belt and Road initiative as it has expanded its activity from Iran and Cuba to Russia, where it has been competing with Philip Morris since 2022. Also read: Economics under the siege. The full story of Western sanctions against Iran “Sherry” boundaries that deal with the countries subject to sanctions, and the company managed to convert its original boycott, Anhawi, into the first product of cars in China during the first half of 2025, which reached its goal to repent the city of Wuhu in the name ‘Detroit China’. The company said in its newsletter in the public release that it ended its commercial transactions with Iran and Cuba by the end of 2024, and by 2027 promised to reduce its activities in Russia to ‘minimal’ levels. The company added that his legal adviser had concluded the “Hogan Lovells” that its activities in the countries are subject to a major violation of a major violation and the violation of basic Americans and not prohibit a major activity and that it is not a major violation exposure to secondary sanctions is relatively limited. “However, it was striking that all the banks that led the” Sherry “proposal were Chinese, as the company chose” JP Morgan Chase “to participate in the agreement, but the US bank withdrew before he signed an official mandate. Three people who are familiar with the agreement asked not to reveal their identity, because they” -Publicity, especially the commercial activities with the countries subject to sanctions. International law is legal, fair and legal, and that it must be respected and protected. “Sherry first entered the Iranian market in 2004 by establishing a joint venture with a local partner. This partnership called ‘Modiran Manufacturing’, later to the most famous foreign trademark in Iran. Founded when the government of Wooh was a young engineer named Yen Tongiwi to establish a local car business. Bought a assembly factory in Spain and an engines in Britain, and then both moved to Wuho, where he produced the first car in 1999. Allow him to enter a limited number of IT, according to what Yen mentioned during the 2018 interview. Increase. The most important international market for the Chinese company “Sherry”, and by 2016, more than half of its sales outside China, according to the Bulletin who culminated in local covenant. Velocity trains, they are added to value and high quality, and they can represent China abroad and must be marketed worldwide, “he added. The increase in sanctions began trading with an Iran about six or seven years ago, according to people familiar with these transactions. Sanctions – which came as a result of Trump’s decision to withdraw from the 2015 nuclear agreement – reduced Iran’s ability to reach the global financial system, which Iran’s enterprise paid the fees of imported goods. “MVM”, a city of the parent company in China for 2.2 billion yuan ($ 325 million), a biggest financial exposure to this type of company. However, strictest restrictions have led to the rise of many problems and problems. -Province that had an important role in the process. After the establishment of the People’s Republic of China in 1949. According to one of the people, the agreement determined the sale of 90,000 cars annually. Receipt and distribution of Iranian minerals in China is presented to China in exchange as quantities of Iranian minerals equal to the value of cars, most of which are in the form of non -processed materials or concentrations, so that the commercial team will distribute ‘tongue’ to other Chinese businesses. Tang is fully owned by the government’s government, while the city of Wah is the largest shareholder in Sherry. Iranian minerals, including copper and zinc, are sometimes offered for sale in the Chinese market within the framework of the barter agreement. Hundreds of millions of dollars, according to the “Bloomberg” accounts, remain small compared to the total exports of China to Iran, which amounted to about $ 9 billion last year. However, the transactions are highlighted. In the 1980s and nineties, the trade trade was relatively common, as the political divisions caused by the ‘Iron Curtain’ and the collapse of the Soviet Union were hard or not available. The commodity traders exchanged the Cuban cigarette against milk powder and the Uzbek cotton against the atom. However, the trading has decreased over the past three decades with the dominance of the dollar in the global trade movement, thanks to the strength of the US banking system and the distribution of contracts denominated in dollars to pricing. Also read: Will the dominance of the dollar fall in the global economy now? Although it is still a great extent, the increasing sanctions have been using the use of alternative currencies over the past few years, and even a return to exchange trading in trade with countries such as Russia, Venezuela, Iran and others. Examples of modern barter in commodities, for example, have exchanged Sri Lanka tea against Iranian oil, while Beijing recently sent two million dollars to Iran for Pistache. Trade with Russia has also increased since 2022, after a wide wave of Western sanctions has put the Russian economy under severe pressure. On the contrary, the Russian Ministry of Economics issued an official guide for the trade procedures last year. For “Sherry”, the flow of trade with Iran and other sanctions has caused problems while preparing for the first time for the first time for public subscription. The company indicated in the subscription bulletin that its revenue from Iran and Cuba was no more than 0.5% of its total revenue during the previous three years. In 2023, Russia was about 25.5% of the total income of Sherry, but it has already begun to reduce its business there by selling some local assets and distribution channels in April. However, no Western banks participated in the implementation of the general “Sherry” subscription, partly due to concerns about disclosing their activities in sanctions, including Iran, according to several people. People explained that the same issue urged some potential investors to refrain from participating. In the end, Sherry sold a 5% stake in public subscription. He was the largest individual investor, who obtained one in seven shares offered, acquired an investment owned by the Chinese state.
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