Archive · 14 Aug 2025
China Retaliates: Sanctions Two EU Banks After EU Measures
The EU and China are in a bit of a fight.
The EU put sanctions on some Chinese banks because they thought the banks were helping Russia.
China got upset and hit back by banning two banks from Lithuania from doing business in China.
China says the EU's actions are unfair and hurt their economic cooperation.
Basically, it's a trade dispute with some back-and-forth penalties.
China imposed sanctions on two EU banks, UAB Urbo Bankas and AB Mano Bankas.
The sanctions are in retaliation for EU sanctions against Chinese financial institutions.
The EU's sanctions targeted Chinese banks due to Russia-related concerns.
China's sanctions ban transactions with the two named Lithuanian banks.
China stated the EU's actions harm their economic and trade cooperation.
- Who
- China and the EU, specifically UAB Urbo Bankas and AB Mano Bankas.
- What
- China sanctioned two European banks.
- When
- Announced on Wednesday.
- Where
- China and the EU.
- Why
- Retaliation for the EU's sanctions against Chinese financial institutions.
China
European Union
Justification for Sanctions
China
The EU's sanctions violate international law and harm China-EU cooperation.
European Union
The EU sanctioned the Chinese banks due to Russia-related concerns.
- Sanctioned Banks
- UAB Urbo Bankas, AB Mano Bankas
- Sanctioning Country
- China
- EU Action
- Sanctioned Chinese financial institutions
- China's Stance
- EU actions harm China's interests.
