Beijing targeted two Lithuanian banks on Aug. 13 in retaliation for the European Union’s latest Russia sanctions that affected two rural Chinese banks near the China–Russia border.
In an order published in state media outlet Xinhua, the Chinese Ministry of Commerce (MOC) said it’s adding Lithuania-based UAB Urbo Bankas and AB Mano Bankas to its list of sanctioned entities under the regime’s Anti-Foreign Sanctions Law.
An MOC spokesperson said the EU should “correct relevant wrong practices and stop acts that harm China’s interests and undermine China-EU cooperation.”
As of Aug. 13, individuals and organizations in China are banned from having transactions and collaborations with the banks….
China Hits EU Banks Over Bloc’s Russian Sanctions Package
