Order of the Ministry of Commerce of the People's Republic of China No. 5 of 2025 Decision on Taking Countermeasures Against Two EU Financial Institutions

The Ministry of Commerce of the People's Republic of China hereby issues the following decision in accordance with the Anti-Foreign Sanctions Law of the People's Republic of China and its implementing regulations to safeguard national sovereignty, security, and development interests.

Background

On July 18, 2025, the European Union (EU) arbitrarily included two Chinese financial institutions in its sanctions list during the 18th round of sanctions against Russia. This act constitutes a serious violation of international law, breaches the basic norms of international relations, and gravely undermines the legitimate rights and interests of Chinese enterprises. Such unilateral sanctions and "long-arm jurisdiction" actions are incompatible with the principles of a rules-based international order.

Legal Basis

This decision is made in strict compliance with:

Articles 3, 4, 6, 9, 10, and 15 of the Anti-Foreign Sanctions Law of the People's Republic of China;

Articles 3, 5, 8, and 10 of the Regulations for the Implementation of the Anti-Foreign Sanctions Law of the People's Republic of China;

The authority vested by the National Coordination Mechanism for Countering Foreign Sanctions.

Countermeasures Imposed

The EU-based banks UAB Urbo Bankas and AB Mano Bankas are hereby added to China’s countermeasures list. Effective immediately, all organizations and individuals within the territory of China are prohibited from:

Conducting any transactions (including financial transactions, investments, and asset transfers) with the sanctioned banks;

Engaging in cooperative activities, including joint ventures, technical exchanges, and service provision;

Providing any form of support, financing, or resource supply to the banks.

Enforcement and Compliance

Relevant authorities shall strictly enforce these measures and monitor compliance. Violations will be subject to legal penalties in accordance with Chinese laws and regulations. All entities and individuals are advised to carefully review their business relationships to avoid involvement with the sanctioned banks.

Conclusion

China firmly opposes any form of foreign interference and unjustified sanctions. These countermeasures are a necessary and proportionate response to protect China’s sovereignty and the legitimate rights of its enterprises. China remains committed to resolving disputes through dialogue and upholding multilateralism but will not hesitate to take resolute actions against violations of international law.