China announced that it has canceled countermeasures against two European Union banks, effective April 24, 2026, after the EU withdrew its sanctions against two Chinese financial institutions.
UAB Urbo Bankas and AB Mano Bankas have also been removed from China’s countermeasure list, according to the Chinese Ministry of Commerce.
The decision was signed by Minister Wang Wentao in Ministerial Order No. 1 of 2026.
