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Beijing introduced counters -sanctions against EU banks

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China urged the EU “proper violation” and stop damage to China’s interests and undermine cooperation between China and EU.

China has introduced countermeasures against two banks in the European Union in response to incorporating two Chinese financial institutions to Russia’s list of penalties. Reuters reported this on Wednesday, August 13.

According to the Ministry of Commodity, a ban for the Lithuanian banks that Uab Uab Urbo Bankas and AB Mano Bankas for transactions and cooperation with organizations and individuals in China immediately enter the strength.

“We hope that the EU values the long -term relationship of cooperation generated between China and the EU and its members of the state in the field of economy, trade and finance,” the ministry said in a separate statement.

The Department also called on the EU “right mistake” and stop damage to China’s interests and break the cooperation between China and the EU.

Earlier, China announced official disappointment with the European Union for incorporating two PRC banks into a new package of sanctions against Russia.

European Commission president Ursula Von Der Leyen, after a summit with the Chinese leadership in Beijing, last month said that trade relations reached a “clear point of fracture.”

Remember that EU countries have approved the 18th package of sanctions against Russia. The list includes 22 Russians and two Chinese banks, four companies related to the Russian Direct Investment Fund, 34 new topics associated with the military -industrial complex of Russia and Belarus.

China threatened to take steps in response to a new penalty package in the EU.

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Source: korrespondent

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