China cancels countermeasures against two EU financial institutions

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File photo of the Chinese Ministry of Commerce in Beijing, China. /VCG

China announced on Friday that it has canceled countermeasures against two European Union banks, effective April 24, 2026, after the EU withdrew its sanctions against two Chinese financial institutions.

UAB Urbo Bankas and AB Mano Bankas have also been removed from China's countermeasure list, according to the Chinese Ministry of Commerce.

The decision was signed by Minister Wang Wentao in Ministerial Order No. 1 of 2026.

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