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China Asks Banks to Pause New Loans to US-Sanctioned Refiners

Posted on May 7, 2026
By Google News
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1 min read

China Asks Banks to Pause New Loans to US-Sanctioned Refiners

China’s financial regulator advised the country’s largest lenders to temporarily suspend new loans to five refineries recently sanctioned by the US over their ties to Iranian oil, according to people familiar with the matter.