Official dismisses claims on Iran's frozen petrochemical assets in China
May 30, 2017 07:09 UTC
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Managing Director of the National Iranian Petrochemical Company Marziyeh Shahdaei
Managing Director of the National Iranian Petrochemical Company Marziyeh Shahdaei has categorically dismissed that her company's assets have been frozen in China.
"Iranian assets have not been frozen in China, but there are some difficulties in the payment process," Shahdaei told reporters on Tuesday.
She reiterated that the main cause for the current difficulties is that anti-money laundering laws have come into effect in China since the beginning of May, under which some strict restrictions have been placed on exports of petrochemical products and transfer of money.
Iran exports about 40 percent of its petrochemical products and 60-70 percent of the country’s polymer materials to China.
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