The NFRA instruction to not sanction new loans to the us sanctioned refineries is in contrast with what China’s Ministry of Commerce had said earlier this week.  

China buckles under pressure? Financial regulator asks banks to temporarily suspend new loans to US sanctioned refineries: Report

In the signs of escalating tensions between India and China, the Indian government-owned oil companies have decided to stop chartering transport tankers owned or operated by Chinese companies. Watch report.

India-China tensions: Indian state oil companies ban usage of Chinese tankers

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China buckles under pressure? Financial regulator asks banks to temporarily suspend new loans to US sanctioned refineries: Report

India-China tensions: Indian state oil companies ban usage of Chinese tankers