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Why the Eu Targeted Two Chinese Banks in Its Latest Sanctions Package Against Russia
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3 Articles
DECRYPTAGE - Europeans have targeted for the first time two Chinese financial entities in their 18th package of restrictive measures against Moscow. Brussels regularly accuses Beijing of supporting the Russian war economy.
On 23 July, Chinese Trade Minister Wang Wentao denounced this measure in an interview with European Trade Commissioner Maros Sefcovic. According to an official statement relayed by BFMTV on the same day, Wang expressed "s solemn representations concerning the inclusion of two Chinese financial institutions" in European sanctions. An official protest, an implicit warning In his statement, the Chinese Ministry of Commerce considers that these sanc…
Noerr | 18th EU sanctions package tightens restrictions on banks and also targets third countries | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources 18th EU sanctions package tightens restrictions
A. Background On 18 July 2025, following intensive negotiations, the Council of the European Union adopted the 18th sanctions package against Russia and Belarus. The package aims to further restrict the Russian state’s capacity for action and to increase the pressure on its regime. Once again, the focus lies on the banking, energy and defence sectors. In addition, the EU adopted new restrictive measures against Belarus. B. Content of the 18th sa…
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