Core Points - The Chinese government has announced countermeasures against two EU financial institutions in response to sanctions imposed by the EU on July 18, 2025 [2][3] - The countermeasures will take effect on August 13, 2025, and include a prohibition on organizations and individuals within China from engaging in transactions or cooperation with the sanctioned banks [2][3] Summary by Sections - Background of Sanctions: On July 18, 2025, the EU included two Chinese financial institutions in its sanctions list during the 18th round of sanctions against Russia, which China views as a serious violation of international law and damaging to the legitimate rights of Chinese enterprises [3] - Legal Basis for Countermeasures: The countermeasures are based on several articles of the "Anti-Foreign Sanctions Law of the People's Republic of China" and were approved by the national coordination mechanism for countering foreign sanctions [3] - Specific Measures: The two banks targeted by the countermeasures are UAB Urbo Bankas and AB Mano Bankas, with the specific measure being a ban on any transactions or cooperation with these institutions by Chinese entities [3]
商务部:对欧盟两家金融机构采取反制措施
Shang Wu Bu Wang Zhan·2025-08-13 06:03