EU attempts to rattle China, finds itself on knees? Beijing strikes Lithuanian banks in bold move

Published on Aug 16, 2025 03:52 am IST

A tit-for-tat sanctions battle is escalating between China and the EU after Brussels froze Chinese assets over alleged Russian war support. In response, Beijing imposed sanctions on two Lithuanian banks, deepening a rift with Europe and fueling warnings of serious strain to China-EU trade. Both sides accuse each other of unjustified economic measures, highlighting rising geopolitical and financial tensions.

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