BEIJING (Reuters) -China’s commerce ministry announced on Wednesday that it would immediately take countermeasures against two EU banks, in response to the bloc adding two Chinese financial institutions to a Russia-related sanctions list.
UAB Urbo Bankas and AB Mano Bankas would be banned from carrying out transactions and cooperation with organisations and individuals within China, according to a ministry statement.
(Reporting by Beijing newsroom; Editing by Muralikumar Anantharaman)
