China has ordered companies throughout the country not to comply with US sanctions on five Chinese oil refiners accused of trading in Iranian fuel, a move observers say could mark a new stage in Beijing’s pushback against American long-arm jurisdiction.
The order is the first application of a measure designed to block “improper” foreign actions, and could be a potential headache for US sanctions enforcement, according to analysts.
The order was issued in response to a series of US sanctions…
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