Lena Petrova: China Orders Banks to Defy US Sanctions Ahead of Trump-Xi Summit

The global economic landscape is currently witnessing a historic shift as the long-standing tug-of-war between the United States and China enters a volatile new phase. At the heart of this latest escalation is a direct confrontation over international energy trade and the reach of financial sanctions. A recent analysis by Lena Petrova explores how Beijing is no longer just protesting Western economic restrictions but is actively deploying its own legal framework to neutralize them, signaling a potential turning point in global finance. The catalyst for this specific clash involves five Chinese oil refineries recently targeted by the U.S. Treasury Department….