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Beijing Tells Chinese Firms to Ignore US Sanctions on Refiners

Bloomberg Markets · May 2, 2026, 1:35 PM · Also reported by 3 other sources

China ordered companies in the country not to comply with US sanctions on five domestic refiners linked to the Iranian oil trade, in a defiant move aimed at softening the impact of penalties.

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Beijing Tells Chinese Firms to Ignore US Sanctions on Refiners

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