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China's Ministry of Commerce Issues Blocking Order Against US Sanctions on 5 Chinese Enterprises Over Iran Oil Dealings on May 2

GateNews

2026-05-02 11:21:55

According to the Ministry of Commerce, China issued a blocking order on May 2 against U.S. sanctions targeting five Chinese enterprises for participation in Iranian oil transactions. The enterprises are Hengli Petrochemical (Dalian) Refining and Chemical Co., Ltd., Shandong Shouguang Luqing Petrochemical Co., Ltd., Shandong Jingcheng Petrochemical Group Co., Ltd., Hebei Xinhai Chemical Group Co., Ltd., and Shandong Shengxing Chemical Co., Ltd. The order prohibits recognition, enforcement, or compliance with U.S. measures imposing asset freezes and trade bans under Executive Orders 13902 and 13846. The blocking order takes effect immediately upon publication.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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