China’s Ministry of Commerce (MOFCOM) on Wednesday announced countermeasures against two European Union (EU) financial institutions after Brussels targeted two Chinese banks in its latest sanctions against Russia. The measures, effective August 13, 2025, place Lithuania-based UAB Urbo Bankas and AB Mano Bankas on Beijing’s countermeasure list.
Under China’s Anti-Foreign Sanctions Law and related provisions, organisations and individuals in China are now prohibited from conducting transactions, cooperation, or other activities with these banks.
MOFCOM condemned the EU’s July 18 decision to include two Chinese financial institutions in its 18th round of sanctions on Russia, calling it a “serious violation of international law and basic norms” that harms the legitimate rights and interests of Chinese enterprises.
The ministry stressed that the move undermines China-EU economic, trade, and financial cooperation. By taking reciprocal action, Beijing aims to safeguard its sovereignty, security, and development interests.
A MOFCOM spokesperson said China firmly opposes the EU’s sanctions and urged Brussels to immediately correct its actions to avoid further damage to bilateral relations.
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