The Network · 2026-05-03 00:54:06 · ZeroHedge
Beijing has instructed Chinese companies to ignore American sanctions targeting independent "teapot" refineries in Shandong Province, according to intelligence signals emerging ahead of a high-stakes summit between President Donald Trump and President Xi Jinping scheduled for mid-May. The directive represents a direct ...
The Network · 2026-05-04 03:24:07 · Japan Times
China has issued regulations instructing domestic companies to ignore American sanctions targeting five refiners involved in Iranian oil transactions, marking a rare and direct challenge to U.S. enforcement mechanisms. The directive represents a significant escalation in Beijing's willingness to publicly defy Western f...
The Network · 2026-05-04 07:54:06 · Seeking Alpha
Chinese oil refiners are continuing operations with entities subject to U.S. sanctions, creating direct exposure for banks and financial institutions that process related transactions, according to market analysis.
The defiance centers on refineries that have maintained crude processing activities despite designation ...