China is demanding that the EU lift sanctions against its companies
China's Ministry of Commerce has strongly criticized the European Union over new restrictions imposed on Chinese companies. Beijing has called Brussels' actions "illegal" and said they undermine mutual trust between the two sides.
This was reported by Reuters.
The ministry stated that adding Chinese companies to the sanctions list violates agreements previously reached at the leadership level between China and the EU.
The Chinese side emphasized that it reserves the right to respond and will take “necessary measures” to protect its economic interests.
On April 23, EU member states approved the 20th package of sanctions against Russia, which imposes restrictions on 46 vessels of the “shadow fleet” and 60 entities supporting the Russian military-industrial complex. The new measures include stricter export restrictions on dual-use goods and sanctions against 20 credit and financial institutions.
The European Union unanimously approved a €90 billion loan for Ukraine and imposed the 20th package of sanctions against Russia due to its armed aggression. Disbursement of the loan will begin shortly to meet the Ukrainian state’s most urgent budgetary needs.
Estonian Foreign Minister Margus Tsahkna announced the start of work on the next package of EU sanctions against Russia immediately after the approval of the 20th sanctions list. The Estonian side insists on completely cutting off the sources of funding for the aggression by imposing a ban on maritime oil transport services.
European Union leaders are actively pushing forward with preparations for the 21st package of sanctions against Russia.
