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Beijing Tells Chinese Firms to Ignore US Sanctions on Refiners
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Beijing Tells Chinese Firms to Ignore US Sanctions on Refiners

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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.

The refiners β€” including Hengli Petrochemical (Dalian) Refinery Co. which was sanctioned last month and several other privately-owned processors β€” had been facing asset freezes and transaction bans.

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