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World News@lemmy.worldEnglish · 11 days ago

The EU urges China to lift ‘unjustified’ sanctions on Lithuanian banks

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The EU urges China to lift ‘unjustified’ sanctions on Lithuanian banks

Davriellelouna@lemmy.world to

World News@lemmy.worldEnglish · 11 days ago

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cross-posted to:
europe@feddit.org

The EU urges China to lift 'unjustified' sanctions on Lithuanian banks

The European Union is urging China to revoke sanctions on two Lithuanian banks. Beijing announced the measures in retaliation for EU penalties on two Chinese lenders.

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RaivoKulli@sopuli.xyz
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11 days ago

Beijing announced the measures this week against Urbo Bank and Mano Bank in retaliation for EU penalties on two Chinese lenders.

The Lithuanian banks do not operate in China, giving Beijing’s move a largely symbolic character. Nonetheless, the tit-for-tat measures underscore deepening tensions between the EU and China over Beijing’s support for Russia in its war on Ukraine.

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