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

May 7th, 2026

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

China’s financial regulator has advised the country’s largest banks to temporarily suspend new loans to five refiners recently sanctioned by the US over their ties to Iranian oil, according to people familiar with the matter. Bloomberg's Minmin Low reports.

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