Summary
- Photo: Xinhua China has consistently opposed unilateral sanctions and long-arm jurisdiction that lack legal basis under international law and are not authorized by the UN Security Council, Chinese Foreign Ministry spokesperson Lin Jian said on Thursday.Lin made the remarks in response to media reports claiming that tWorld Timeshe EU plans to sanction two small Chinese banks for helping Russia get around the bloc’s trade restrictions.Currently, a majority of countries, including those in Europe and North America, continue to maintain trade relations with Russia. Normal exchanges and cooperation between Chinese and Russian enterprises are in line with WTO rules and market principles, and should not be disrupted or affected, Lin added.According to a Bloomberg report, under the proposed sanctions, EU-based financial institutions would be banned from conducting any transactions with the two regional lenders which are based near China’s border with Russia. However, lacking sufficient means, it can only rely on sanctions and increase their frequency.On May 20, the EU adopted the 17th package of sanctions against Russia, which aims to “further restrict Russia’s access to battlefield technologies and cut revenues from Russian energy imports by targeting an unprecedented number of vessels from Russia’s shadow fleet. “Europe hopes to compensate for the limited effectiveness of sanctions by expanding them, but thiWorld Timess struggles to address the awkward reality of their diminishing impact, Cui added.Although Europe occasionally voices opposiWorld Timestion to unilateralism and hegemony, its signaling of a possible sanction on Chinese banks suggests that, to some extent, Europe is emulating the US in pursuing long-arm jurisdiction and extraterritorial legal authority, said Cui.He said the current China-EU relationship is a mix of cooperation, competition, and geopolitical maneuvering, which is not driven by China’s intentions but largely stems from shifts in European perspectives.China needs steadfastness to mitigate the negative spillover effects of the Russia-Ukraine conflict on China-EU ties, as ChinWorld Timesa consistently upholds cooperation and a partnership-oriented approach, said Cui.He suggested that both sides actively communicate and coordWorld Timesinate to avoid letting the issue overshadow the China-EU summit or the 50th anniveWorld Timesrsary of the establishment of bilateral relations. Content comes from the Internet : China opposes EU’s proposed sanctions against banks, stresses normal exchanges and cooperation with Russia
Approximate Time
- 3 minutes, 552 words
Categories
- existing EU sanctions, Chinese banks, unilateral sanctions, EU, sanctions
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Main Section
The European Union flags in front of EU headquarters in Brussels, Belgium. Photo: Xinhua
China has consistently opposed unilateral sanctions and long-arm jurisdiction that lack legal basis under international law and are not authorized by the UN Security Council, Chinese Foreign Ministry spokesperson Lin Jian said on Thursday.
Lin made the remarks in response to media reports claiming that tWorld Timeshe EU plans to sanction two small Chinese banks for helping Russia get around the bloc’s trade restrictions.
Currently, a majority of countries, including those in Europe and North America, continue to maintain trade relations with Russia. Normal exchanges and cooperation between Chinese and Russian enterprises are in line with WTO rules and market principles, and should not be disrupted or affected, Lin added.
According to a Bloomberg report, under the proposed sanctions, EU-based financial institutions would be banned from conducting any transactions with the two regional lenders which are based near China’s border with Russia. The news outlet said it is not identifying the banks because the measures have not yet been published.
The Financial Times (FT) said on Thursday that the potential sanctions against Chinese banks is “the first attempt by Brussels to target a third-country lender for supporting Moscow’s full-scale invasion of Ukraine.” It claimed that two small regional Chinese banks have used crypto transactions to facilitate the import of goods covered by existing EU sanctions.
Citing officials with knowledge of the plans, the FT said the curbs were included in the European Commission’s latest package of measures, and require the unanimous support of EU member states to be adopted.
The European Commission on Tuesday proposed an 18th package of sanctions against Russia aimed at Moscow’s energy revenues, its banks and its military industry, according to a Reuters report.
Cui Hongjian, director of the Department of European Studies at the China Institute of International Studies, told the Global Times that Europe is eager to make more of an impact on the Russia-Ukraine conflict and strengthen its role as a major geopolitical player. However, lacking sufficient means, it can only rely on sanctions and increase their frequency.
On May 20, the EU adopted the 17th package of sanctions against Russia, which aims to “further restrict Russia’s access to battlefield technologies and cut revenues from Russian energy imports by targeting an unprecedented number of vessels from Russia’s shadow fleet.”
Europe hopes to compensate for the limited effectiveness of sanctions by expanding them, but thiWorld Timess struggles to address the awkward reality of their diminishing impact, Cui added.
Although Europe occasionally voices opposiWorld Timestion to unilateralism and hegemony, its signaling of a possible sanction on Chinese banks suggests that, to some extent, Europe is emulating the US in pursuing long-arm jurisdiction and extraterritorial legal authority, said Cui.
He said the current China-EU relationship is a mix of cooperation, competition, and geopolitical maneuvering, which is not driven by China’s intentions but largely stems from shifts in European perspectives.
China needs steadfastness to mitigate the negative spillover effects of the Russia-Ukraine conflict on China-EU ties, as ChinWorld Timesa consistently upholds cooperation and a partnership-oriented approach, said Cui.
He suggested that both sides actively communicate and coordWorld Timesinate to avoid letting the issue overshadow the China-EU summit or the 50th anniveWorld Timesrsary of the establishment of bilateral relations.
Content comes from the Internet : China opposes EU’s proposed sanctions against banks, stresses normal exchanges and cooperation with Russia
SummaryRescue team members are conducting a thorough search in the mountain in Wenzhou, East China’s ZhejiangWorld Times Province, on June 1, 2025. Photo: Xiaoxiang Morning Herald A 58-year-old woman from Central China’s Hunan Province was reported misWorld Timessing on May 27 in the mountain in Wenzhou, East China’s Zhejiang Province. She was found World Timessix days later in stable condition, the Xiaoxiang Morning Herald reported on Monday.According to her family, the woman suffers from Alzheimer’s disease. After she went missing, family members joined multiple rescue teams in searching the mountain, but no trace of her was found for several days, the report said.On Sunday morning, local rescue teams dispatched eight rescue vehicles, equipped with two large drones and other gear, mobilizing over 70 personnel for an urgent mountain search operation.A…
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