BEIJING, April 24 (Reuters) - China's commerce ministry on Friday rolled back countermeasures against two banks in the EU after the bloc lifted its sanctions against two Chinese financial institutions
China Removes Countermeasures on Lithuania's Urbo Bankas and Mano Bankas
China Lifts Restrictions Following EU Sanctions Reversal
Background of Countermeasures
BEIJING, April 24 (Reuters) - China's commerce ministry on Friday rolled back countermeasures against two banks in the EU after the bloc lifted its sanctions against two Chinese financial institutions.
Impacted Lithuanian Banks
The two banks are Lithuania's UAB Urbo Bankas and AB Mano Bankas, the commerce ministry statement showed.
Timeline of Events
The ministry announced the countermeasures in August last year in response to the bloc placing two Chinese financial institutions on a Russia-related sanctions list.
Reporting Credits
(Reporting by Yukun Zhang, Shi Bu and Ryan Woo, Editing by Louise Heavens)
