Shandong Port Group has banned U.S.-sanctioned tankers from calling into its ports in the eastern Chinese province, home to many independent refiners that are the biggest importers of oil from countries under U.

Shandong Port Group has prohibited U.S.-sanctioned tankers from accessing its ports in the eastern Chinese province, three traders familiar with the issue told Reuters. This region, home to many independent refiners,

The eastern Chinese province is home to several independent refiners. In the last year, it imported about 1.74 million barrels per day from from Iran, Russia and Venezuela.

The Shandong Port Group (SPG) in China's Shandong Province has announced that tankers subject to U.S. sanctions will not be accepted at certain ports. The shadow fleet will not be allowed to dock at Yantai,

The ban may raise shipping costs for Shandong's independent refiners buying discounted crude from sanctioned nations.

Shandong Port Group has banned U.S.-sanctioned tankers from calling into its ports in the eastern Chinese province, home to many independent refiners that are the biggest importers of oil from countries under U.

The Shandong Port Group in China's Shandong Province will block tankers affected by US sanctions from using its ports. Despite its declared neutrality in the Russia-Ukraine conflict, Beijing opposes sanctions on Moscow.

Shandong Port Group prohibits tankers under US sanctions from entering its ports in Eastern China's province, Reuters reports. Shandong Port Group controls major ports on China's eastern coast, including Qingdao,