China Sanctions Lithuanian Banks Over EU Actions
Reading
China has put sanctions on two banks. This is because of the European Union's actions. The EU sanctioned some Chinese financial groups.
The Lithuanian banks are UAB Urbo Bankas and Mano Bankas AB. They cannot work with Chinese people or groups. This information comes from a statement by the Ministry of Commerce.
The EU made new sanctions about Russia and Ukraine in July. These rules started on August 9. Some Chinese companies were included in the sanctions.
The EU put two Chinese banks on the sanction list. China said this hurts their companies. They said it also hurts China-EU business and money matters.
NATO has talked about China helping Russia's war. Chinese companies sold equipment to Russia. This equipment included tools and microelectronics.
Questions
Why did China put sanctions on two banks?
China put sanctions on two banks because of the European Union's actions.
Which Lithuanian banks cannot work with Chinese people or groups?
The Lithuanian banks that cannot work with Chinese people or groups are UAB Urbo Bankas and Mano Bankas AB.
What did NATO talk about regarding China?
NATO talked about China helping Russia's war by selling equipment to Russia.
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