China Imposes Sanctions on Lithuania's Urbo Bankas, Mano Bankas

Lietuvos Radijas ir Televizija

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The European Union called on China to lift the sanctions imposed on two Lithuanian banks and stated that there was no justification for them.

Confidencial Digital

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The Ministry of Commerce of China has confirmed that the citizens and companies of the country will not be able to operate with UAB Urbo Bankas and AB Mano Bankas, two Lithuanian entities based in Vilnius. The measure, announced in August 2025, is interpreted as a direct reprisal to the sanctions that the European Union applied weeks ago against Suifenhe Rural Commercial Bank and Heihe Rural Commercial Bank, accused of violating restrictions on …

https://www.tv3.lt

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China has hit Lithuanian banks – it has imposed sanctions on Urbo Bank and Mano Bank, in response to the European Union, which itself had previously imposed sanctions on Chinese financial institutions. According to experts, the Chinese probably chose Lithuania not by chance. Relations between Lithuania and China are currently among the worst on the old continent. More about this in the TV3 news report. Vilnius-based Urbo Bank became a target o…