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Treasury Warns of Sanctions Risks Linked to China-Based Independent "Teapot" Oil Refineries
April 29, 2026
WASHINGTON, April 29 -- The U.S. Department of the Treasury issued the following news release:

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Treasury Warns of Sanctions Risks Linked to China-Based Independent "Teapot" Oil Refineries

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is alerting financial institutions to the sanctions risks associated with independent "teapot" oil refineries in China, primarily in Shandong Province, given their c . . .

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