China Deepens Its Footprint in Iran After Lifting of Sanctions

January 25, 2016 12:50 AM

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China Deepens Its Footprint in Iran After Lifting of Sanctions

ZARRINABAD, Iran — Rising from the yellowish, treeless plains so typical for central Iran stands a square labyrinth of pipes and conveyor belts, topped by a silver chimney that glitters in the summer sun.

Sanctions against Iran failed to halt the construction of the complex, a steel mill that went into operation in September and now churns out ingots and billets. The sanctions also did not stop Sheng Kuan Li, a Chinese businessman, from pouring $200 million into the project.

Also read: Iran vows not to let Trump destroy nuclear deal

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