China announced new countermeasures against two European Union banks after the EU added two Chinese financial institutions to its sanctions list. This action reflects China’s firm stance on protecting its national interests. The Ministry of Commerce emphasized that the decision follows relevant regulations under China’s Anti-Foreign Sanctions Law.
Specifically, China included UAB Urbo Bankas and AB Mano Bankas in its countermeasure list. Organizations and individuals within China must avoid transactions, cooperation, or any other business activities with these banks. In addition, the ministry noted that the EU sanctions seriously violate international law and harm the legitimate rights of Chinese companies.
To safeguard its sovereignty and economic interests, China coordinated the countermeasures through the national anti-foreign sanctions mechanism. Moreover, officials explained that these steps will defend China’s financial security and development priorities. Analysts point out that China has consistently opposed unilateral foreign sanctions that affect its companies.
Furthermore, the Ministry of Commerce highlighted the negative impact of the EU’s sanctions on China-EU economic and trade relations. The spokesperson stressed that these measures undermine financial cooperation between China and EU partners. Therefore, China decided to act decisively, signaling that foreign entities cannot harm Chinese institutions without consequences.
The countermeasures demonstrate China’s commitment to enforcing the Anti-Foreign Sanctions Law. Meanwhile, Chinese companies are expected to comply with the prohibitions and avoid transactions with the listed EU banks. In addition, officials will continue monitoring international developments to ensure the protection of China’s economic interests.
Experts suggest that the new measures might influence financial operations between the EU and China. In particular, companies with EU banking relationships need to reassess their risk exposure in light of these restrictions. Consequently, China sends a clear message that it will defend its economic and trade sovereignty.
In conclusion, China implemented countermeasures against the EU banks to protect its national and economic interests. By coordinating through the Anti-Foreign Sanctions Law, the government ensures strong compliance and enforcement. As a result, organizations and individuals in China must respect the restrictions and avoid any engagement with the two EU banks. China’s action underscores its firm position on defending its rights in the global financial system.
