China announces countermeasures against 2 EU banks
ReutersAug 13, 2025 6:11 AM
BEIJING, Aug 13 (Reuters) - China's commerce ministry announced on Wednesday that it would immediately take countermeasures against two EU banks, in response to the bloc adding two Chinese financial institutions to a Russia-related sanctions list.
UAB Urbo Bankas and AB Mano Bankas would be banned from carrying out transactions and cooperation with organisations and individuals within China, according to a ministry statement.
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