EU Sanctions Hit Chinese Oil Giants Amid Russia Tensions
Published on: Oct. 23, 2025, 3:10 p.m. | Source: Devdiscourse
The European Union has included two major Chinese refiners, Liaoyang Petrochemical and Shandong Yulong Petrochemical, alongside trading arm Chinaoil Hong Kong, in its Russia sanctions list. This decision is part of an effort to restrict Russian funding sources by targeting key buyers of Russian crude oil.
