The decision of the Chinese Ministry of Commerce reaches two Lithuanian entities. The EU sanctioned two banks from that Asian country for facilitating Russian transactions.
China He retaliates against two banks of the European Union (EU)after Brussels sanctioned Chinese financial institutions for their alleged link with Russia. As reported on Wednesday the Ministry of Commerce, Lithuanian entities UAB URBO Bankas and Ab Hand Bankas They will be prohibited, with immediate effect, to carry out transactions or cooperate with organizations and individuals in Chinese territory.
In a statement, Beijing urged the EU to “correct their mistakes” and stop taking measures that “harm China’s interests” and undermine bilateral cooperation. “We hope that the EU value the good long -term cooperation relations established between China and its member states in economics, trade and finance,” added the portfolio.
The decision is a direct response to the sanctions that entered into force on August 9 against HEIHE RURAL COMMERCIAL BANK and Heilongjiang Suifenhe Rural Commercial Bankto which the EU accuses of facilitating operations related to Russia. China rejected those accusations, describing them as “unfounded.”
He Conflict dates back to July, when the European bloc included Chinese companies In its most recent package of sanctions against Moscow, which added a new focus of tension to a relationship marked by commercial and political frictions.
The president of the European Commission, Ursula von der Leyen, said after a recent summit in Beijing that commercial relations between both powers are going through a “clear turning point.” During that meeting, The EU reiterated its request to China to use its influence on Russia and contributes to end the war in Ukraine.
China, who maintains with Moscow an association “without limits”, reaffirmed that it will continue to defend a political exit to the Ukrainian crisis.
Chinese Europe.jpg
Image created with artificial intelligence
China denounces EU’s sanctions to its companies “under unfounded accusations”
The Chinese government was “deeply dissatisfied” in the face of the sanctions imposed two days ago by the European Union to a dozen Entities of the Asian giant included in the new package of shares of the twenty -seven against Russia for the invasion of Ukraine, denouncing that Brussels has made this decision unilaterally and under “unfounded accusations”.
“China is deeply unsatisfied with this and is firmly opposed. China has always opposed the unilateral sanctions that are not based on international law and are not authorized by the UN Security Council,” said the spokesman of the Ministry of Commerce, He Yongqian, in a press conference in which he criticized in particular the sanctions announced against “two Chinese financial institutions for unfounded accusations.”
Beijing has also pointed to community authorities for actions that “contradict the consensus of the leaders” both from China and the EU, also denouncing its “serious negative impact on commercial, economic (Y) relations on financial cooperation” between the two parties.
Source: Ambito
