Tensions have escalated between China and the European Union after the EU imposed sanctions on Chinese banks and companies for allegedly aiding Russia's war effort in Ukraine.
This marks the first time Chinese financial institutions have been targeted in the EU's sanctions packages against Russia. Beijing has strongly condemned the move, calling the sanctions unlawful and promising to retaliate to protect its economic interests. The dispute comes just ahead of a high-stakes EU-China summit, raising concerns about further deterioration in economic and diplomatic relations.
The situation highlights growing global divisions over the Ukraine war and the increasing pressure on China to clarify its stance.
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