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China Hits Back at EU over Russia Sanctions
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5 Articles
Two European Union banks have been blacklisted by China, preventing them from conducting business. The Chinese Ministry of Commerce reported that on July 18, two Chinese banks (Suifenhe Rural Commercial Bank and Heihe Rural Commercial Bank) were included in the 18th EU sanctions package, prompting Beijing to block the operations of two Lithuanian banks in response. "The EU, ignoring China's solemn stance, insisted on adding two Chinese financial…
The European Union (EU) on Thursday called on China to lift sanctions imposed on two Lithuanian banks, saying there was no basis for them.
China hits back at EU over Russia sanctions
Beijing has sanctioned two Lithuanian banks, fulfilling a promise to retaliate after the bloc targeted Chinese lenders over the Ukraine conflictThe Ministry of Commerce, China, Beijing © AP Photo / Oliver ZhangBeijing has announced that it has blacklisted two banks in the EU, in response to the bloc targeting Chinese lenders as part of the latest package of Ukraine-related sanctions against Russia.Brussels introduced its 18th package of measure…
Crypto Sanctions War? China Counters EU’s Measures With Retaliatory Action
Following the European Union’s (EU) recent decision to impose sanctions on several Chinese entities over alleged facilitation of sanctioned cryptocurrency transactions involving Russia, Beijing has moved quickly to issue retaliatory measures of its own. China’s Ministry of Commerce condemned the EU’s sanctions as “politically motivated” and “lacking factual basis.” On 13 August 2025, China announced countermeasures against two Lithuanian financi…
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