The European Union targets two Chinese banks with new sanctions.

The European Union is planning to impose sanctions on two Chinese banks that have helped Russia evade sanctions. A proposal has been made to restrict any form of trade between EU financial institutions and these banks

Bloomberg reviewed some documents related to this matter but was unable to reveal the names of the banks because the punitive measures have not yet been officially announced.

According to the documents, these two Chinese banks have been placed on the EU's list of financial institutions. The companies and institutions on this list have helped Russia evade various sanctions through means such as unilateral trade, money transfers, and even providing cryptocurrency services.

The report stated that the new EU sanctions package, which is awaiting approval, aims to pressure Russian President Vladimir Putin, thereby forcing Russia to accept an unconditional 30-day ceasefire agreement with Ukraine.

Chinese Foreign Ministry spokesperson Lin Jian responded to a question on this issue last night, emphasizing China's opposition to unilateral sanctions that are not supported by international law and the United Nations. He emphasized that the United States and European countries also trade with Russia, and that commercial relations between Chinese and Russian companies are in line with international regulations.

China has implicitly and consistently supported Russia in the Russia-Ukraine war, and some Chinese companies and institutions have previously been accused of aiding Russia and placed on sanctions lists. Last month, the Ukrainian government formally accused China, revealing with strong evidence that China has supplied Russia with soldiers, technology, and weapons.