By Maya Lester KC & Michael O’Kane

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By Maya Lester KC & Michael O’Kane

OFAC issues alert on sanctions risks of Chinese “teapot refineries”

30 April 2026

OFAC issues alert on sanctions risks of Chinese “teapot refineries”Svet foto/Shutterstock.com

The US Office of Foreign Assets Control (OFAC) has alerted financial institutions about the sanctions risks of dealing with Chinese “teapot” refineries – press release. Teapot refineries are independent oil refineries in China that...

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Regimes / Regions

Sanctioning States

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  • Guidance
Michael O'Kane
By Michael O'Kane

Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor. Michael was called…

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