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China Asks Banks to Pause New Loans to US Sanctioned Refiners
Bloomberg Television· 2026-05-11 12:53
regulators in China are asking the banks to to pause these new loans to these uh US sanctioned refiners. It was just a few days ago we talked about the the directive was to ignore US sanctions, but now we're seeing this move. How do we interpret that.>> Yeah, it's quite interesting and it's not clear. There are two ways to interpret this. One is perhaps a lack of coordination within the government because China does have a tradition of complying with such sanctions and the the directive earlier to ignore th ...
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