Beijing has sanctioned two Lithuanian banks, fulfilling a promise to retaliate after the bloc targeted Chinese lenders over the Ukraine conflict
Beijing has announced that it has blacklisted two banks in the EU, in response to the bloc targeting Chinese lenders as part of the latest package of Ukraine-related sanctions against Russia.
Brussels introduced its 18th package of measures against Moscow last month, focusing on Russia’s energy and banking sectors. It included restrictions against several entities and financial institutions based in China, India, the UAE, and Turkey, among other measures.
According to a statement released by the…
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