China is imposing sanctions on two Lithuanian banks in what it says is retaliation for the European Union’s inclusion of two Chinese financial institutions in its latest round of sanctions against Rus

China sanctioned a pair of banks in the EU, fulfilling a promise to retaliate after the bloc targeted some Chinese lenders over Russia’s invasion of Ukraine.

The European Union is urging China to revoke sanctions on two Lithuanian banks VILNIUS, Lithuania -- The European Union on Thursday called on China to revoke sanctions imposed on two Lithuanian banks,