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China's Big Blow To Europe Amid Sanction Showdown; Bans 2 EU Banks In Tit-For-Tat Move | Watch
Posted
August 14, 2025
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3:07Now PlayingChina has imposed immediate sanctions on two Lithuanian banks, UAB Urbo Bankas and AB Mano Bankas, in retaliation for the EU’s decision to blacklist two Chinese banks over alleged support for Russia’s war effort. Beijing’s Ministry of Commerce called the EU’s accusations “groundless” and invoked the Anti-Foreign Sanctions Law to justify the move, urging Brussels to correct its “wrongdoings” and protect long-standing cooperation. The EU acknowledged Beijing’s notice of retaliation and signaled willingness for dialogue, but the incident underscores deepening China-EU tensions over trade disputes, Lithuania’s pro-Taiwan stance, and Europe’s pressure on Beijing to distance itself from Moscow amid the Ukraine war.
#china #eu #europe #sanctions #banks #lithuania #russia #trade #geopolitics #beijing #brussels
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