Global Trade Alert
Global Trade Alert

China: Government announces "countermeasures" against two EU banks

Announcement

13 Aug 2025

In August 2025, the Chinese government announced "countermeasures" against two financial institutions from the European Union (EU), namely UAB Urbo Bankas and AB Mano Bankas.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

13 Aug 2025

Revocation date:

23 Apr 2026

Removed: 24 Apr 2026
Controls on commercial transactions and investment instruments

Recent update from 24 Apr 2026:

On 24 April 2026, the Chinese Ministry of Foreign Affairs announced that it had removed UAB Urbo Bankas and AB Mano Bankas from its list of companies under "countermeasures" (see related state act)...

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