China's Ministry of Commerce announced that starting August 12, 2025, it will continue to suspend or remove export-control measures on certain U.S. entities. This action aligns with the consensus reached during the recent high-level China-U.S. economic and trade meeting held in Stockholm. The suspension extends for 90 days the measures under the Unreliable Entity List Working Mechanism issued earlier in April. Separately, China has imposed countermeasures against two European Union financial institutions, banning them from transactions. These measures are a direct response to the EU's sanctions targeting Chinese companies involved in Russia-related activities.
🌏 China retaliates against 2 EU banks, banning them from transactions in response to sanctions. A reminder of the complexities in global finance! #China #EUBanks #Sanctions #GlobalEconomy 🌍 https://t.co/pVRIUmobpJ
🇨🇳📢 China Commerce Ministry says its countermeasures are a direct response to the EU targeting Chinese companies in Russia-related sanctions.
China Commerce Ministry Announces Countermeasures Against Two EU Financial Institutions - Countermeasures Are In Response To EU Targeting Chinese Firms In Russia-Related Sanctions