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Two EU banks removed from China countermeasures after bloc lifts sanctions

( April 27, 2026, 03:34 GMT | Official Statement) -- MLex Summary: China’s Ministry of Commerce said Friday it would lift countermeasures on EU banks UAB Urbo Bankas and AB Mano Bankas after the bloc removed sanctions on two Chinese financial institutions a day earlier. The decision, effective immediately, revokes measures imposed under a 2025 order and removes the banks from China’s countermeasures list. The ministry had introduced the measures in August 2025 in response to EU sanctions on two Chinese financial institutions linked to Russia.Statement follows (in Chinese). ...

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