China has been hit by EU sanctions

According to the South China Morning Post, European leaders decided to impose sanctions against the aforementioned institutions, despite the fact that official Beijing has repeatedly threatened Brussels with consequences.

Media insiders claim that two regional lenders from cities located near China's border with Russia were blacklisted in the 18th package of sanctions.

What is important to understand is that we are talking about Suifenhe Rural Commercial Bank and Heihe Rural Commercial Bank.

However, official Brussels did not stop these threats.

On Friday, the European Commission informed ambassadors that there is an obligation to review the lists of creditors after six months. If banks prove that they have stopped providing support to the Russian military, they can be removed from the list.