Russia-Iran: how the wheat trade is flourishing despite sanctions
Much of the trade in wheat between Russia and Iran goes through Switzerland, a transaction that, though exempt from sanctions, is a sensitive issue.
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Much of the trade in wheat between Russia and Iran goes through Switzerland, a transaction that, though exempt from sanctions, is a sensitive issue.
"This is a huge diplomatic victory for China and definitely an unprecedented step in Beijing's diplomatic engagement with the region," expert Jacopo Scita said.
Prolonged negotiations over security assurances preceded Beijing's breakthrough in restoring diplomatic relations, sources say.
Analysis: China's historical neutrality in conflicts between Riyadh and Tehran has put it in a strategic position as a mediator, as Beijing continues to assert a more active role in the region.
The renewal of ties between bitter rivals Saudi Arabia and Iran, brokered by China, heralds the shifting geopolitics in the Middle East.