about four times the debt that India owes Iran.
Mahmud Bahmani, governor of Iran’s Central Bank, denied there was any such debt. “There is no such thing at all,” he said. “The Central Bank does not allow any country’s debt to Iran to reach $30 billion.”
The Iran Times has found no indications that the article in The Guardian is accurate and no other news outlet has supported The Guardian’s story, which appears apocryphal.
The implication of the story was that China could not pay its debt because of US sanctions, like India. But India is a rather unique situation. Most countries are able to transact business with Iran and pay their debts in currencies other than the US dollar. Furthermore, China reportedly has a number of banks that do no business in the United States or in the US dollar and are therefore not subject to US banking restrictions.
