https://www.scmp.com/rss/521755/feed The latest news and top stories on Suifenhe Rural Commercial Bank. A regional lender in the finance sector, Suifenhe Rural Commercial Bank is based in Suifenhe Heilongjiang Province China. This Chinese bank provides general banking services and facilitates financial transactions for its local market. It has recently gained notoriety after being sanctioned by the European Union. The EU alleges the bank used crypto transactions to facilitate sanctioned goods, thereby supporting Russia’s war... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Ji Siqi,Finbarr Bermingham Ji Siqi,Finbarr Bermingham China announced on Wednesday it would sanction two European banks as a countermeasure against previous financial sanctions from the 27-member bloc. The Ministry of Commerce will ban Chinese agencies and individuals from doing business with UAB Urbo Bankas and AB Mano Bankas, according to its online statement. The two banks are from Lithuania, a country that has been one of Beijing’s most vociferous critics in Europe. The Baltic state saw its relations with Beijing downgraded and diplomats... https://www.scmp.com/economy/global-economy/article/3321683/china-bans-agencies-and-individuals-dealing-2-eu-banks?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3321683/china-bans-agencies-and-individuals-dealing-2-eu-banks?utm_source=rss_feed Wed, 13 Aug 2025 06:17:19 +0000 Finbarr Bermingham Finbarr Bermingham 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. The development has been weeks in the making, with Slovakia withdrawing... https://www.scmp.com/news/china/diplomacy/article/3318793/european-union-sanctions-2-chinese-banks-over-aid-russia?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3318793/european-union-sanctions-2-chinese-banks-over-aid-russia?utm_source=rss_feed Fri, 18 Jul 2025 11:40:49 +0000