China Curbs Loans to U.S-Sanctioned Refiners
Edited By WION Video Desk
Published: May 07, 2026, 11:45 IST | Updated: May 07, 2026, 11:45 IST
China’s financial regulator has reportedly asked the country’s biggest banks to temporarily stop extending new loans to refineries sanctioned by the United States over their alleged links to Iranian oil. According to a Bloomberg report, the National Financial Regulatory Administration (NFRA) issued verbal guidance to major lenders before May 1.
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