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

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.