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Chinese banks

2 stories related to this topic, newest first.

US Treasury Announces Resumption of Sanctions on Russian and Iranian Oil Amid Energy Market DevelopmentsGB News
finance3 hrs ago

US Treasury Announces Resumption of Sanctions on Russian and Iranian Oil Amid Energy Market Developments

The US Treasury has announced plans to resume sanctions on Russian and Iranian oil exports. Officials issued warnings to Chinese banks regarding potential secondary sanctions for handling Iranian funds. These moves coincide with discussions on global energy security and domestic…

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The New York Times
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10 sources
U.S. Treasury Notifies Two Chinese Banks of Potential Sanctions Over Iranian Transactionsinvesting.com
world4 hrs ago

U.S. Treasury Notifies Two Chinese Banks of Potential Sanctions Over Iranian Transactions

The U.S. Treasury has sent letters to two Chinese banks regarding potential Iranian money flows. Treasury Secretary Scott Bessent stated that secondary sanctions could be imposed if such transactions are proven. The action aims to address financial channels linked to Iran.

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3 sources