How China destroyed US sanctions against Iran, Russia, and North Korea

by Inside China Business(opens in new tab) [8-22-2026].

Iran has been the target of economic sanctions for decades.

North Korea and Russia are also under heavy sanction, and locked out of most of the USD and SWIFT financial networks.

But China has developed comprehensive alternate platforms, and massive volumes of global trade are now conducted outside Western systems, and oversight.

CIPS and mBridge allow China's trading partners to do business faster and cheaper, and to ignore sanctions from the US and Europe.

Closing scene, Oriental Sports Center, Pudong, Shanghai

Resources:

U.S. sanctions struggle to curb Iran, Russia, North Korea evasion tactics - WSJ(opens in new tab) [6-21-2026]

The U.S. Is Ramping Up Economic Warfare. Its Enemies Aren’t Blinking.(opens in new tab) [6-20-2026]

The World’s Most Surprising Economic Success Story Is…North Korea(opens in new tab) [6-7-2026]

What to Know About How Iran Uses China’s Currency to Weaken U.S. Power(opens in new tab) [6-26-2026]

How China Undercuts the U.S. in Iran(opens in new tab) [6-23-2026]

How China Helped Iran Cushion the Blow of Sanctions and Fund Its War Machine(opens in new tab) [4-6-2026]

SWIFT payment messaging system(opens in new tab) [2-25-2022]

China vs. America: Who the World Trades With Most(opens in new tab) [5-15-2026]

Iran Turns to China Rail Link to Try to Bypass U.S. Blockade(opens in new tab) [5-8-2026]

China isn't dumping dollars. They're dumping banks, and setting up a new financial system.(opens in new tab) [5-24-2024] Very Important to understand.