Decryption – Europeans first targeted two Chinese financial entities in their 18th package of restrictive measures with regard to Moscow. Brussels regularly accuses Beijing of supporting the Russian war economy.
A eighteenth pack of sanctions but a great first. The European Union, which announced on Friday July 18, a new series of restrictive measures against Russia, targets two Chinese banks for the first time. So far, Brussels had well sanctioned companies from the Asian giant, accused of helping Moscow in his war in Ukraine, but never financial institutions. A decision that immediately caused Beijing ‘fury.
A few weeks ago, Chinese Minister of Foreign Affairs Wang Yi was already threatening the EU reprisals if Brussels took action. Monday, July 21, the Chinese Ministry of Commerce denounced sanctions “seriously affecting commercial, economic and financial relations»Sino-European. And Wednesday, July 23, this same ministry announced that he had “Solemnly” Protesty with the European Commerce Commissioner, Maros Sefcovic, during a bilateral meeting.
The two Chinese banks concerned are the HEIHE Rural Commercial Bank and the Heilongjiang Suifenhe Rural Commercial Bank, two regional institutions located near the border with Russia. Any operator of the EU is now prohibited from concluding, under any strong whatsoever, transactions with them.
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