Source:https://www.scmp.com/news/china/diplomacy/article/3318793/european-union-sanctions-2-chinese-banks-over-aid-russia
ChinaDiplomacy

European Union sanctions 2 Chinese banks over aid to Russia

First-of-a-kind blacklisting comes in countdown to EU-China summit in Beijing next week

Finbarr Berminghamin Brussels
The EU has blacklisted two regional Chinese banks over links to Russia. Photo: Shutterstock
The European Union has sanctioned two small Chinese banks in its latest package of measures designed to hobble Russia’s war machine, despite a warning from Beijing to expect consequences.

Suifenhe Rural Commercial Bank and Heihe Rural Commercial Bank, two regional lenders from cities close to China’s border with Russia, were blacklisted in the 18th package of sanctions agreed on Friday morning, diplomatic sources confirmed.

Print option is available for subscribers only.
SUBSCRIBE NOW
Copyright © 2026 South China Morning Post Publishers Ltd. All rights reserved.