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China imposed sanctions against EU banks, responding to restrictions against Russia

Photo: EA / istockphoto.com

Beijing imposed sanctions on two EU financial institutions as a response to EU anti-Russian sanctions. This was announced by the Ministry of Commerce of the People's Republic of China.

As specified in a statement issued by the trade department, Beijing's countermeasures apply to two European banks — UAB Urbo Bankas and AB Mano Bankas.

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12.07.2026

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