China imposes sanctions on 2 European banks in tit-for-tat move

China on Wednesday imposed counter-measures against two European lenders, UAB Urbo Bankas and AB Mano Bankas. The new measures are a direct response to the European Union sanctions package targeting Russia a month ago, which also included penalties for two smaller Chinese banks near the Russian border. READ ALSO: Nigeria, China customs reaffirm collaboration to improve

Read More