Chinese Oil Firm Sanctioned for Iran Purchases, Owners Lose Billions

The Hengli Group, a Chinese oil firm, has been sanctioned for allegedly facilitating billions of dollars in oil purchases from Tehran, leading to its owners losing $1.4 billion and adding tension to an upcoming summit between Trump and Xi Jinping.

28 Apr, 06:40 — 28 Apr, 06:40

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ndtvMostly Factual127d ago

Husband, Wife Behind Sanctioned China Oil Firm Lose $1.4 Billion

The move targeted Hengli Group for allegedly facilitating billions of dollars in purchases from Tehran and injects fresh tension into an expected summit between Trump and Xi Jinping next month.

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Chinese Oil Firm Sanctioned for Iran Purchases, Owners Lose Billions

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Husband, Wife Behind Sanctioned China Oil Firm Lose $1.4 Billion

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