The European Union plans to include Chinese banks involved in trade with Russia in the sanctions lists, Bloomberg reports, citing documents from the European Commission, which previously presented the 18th package of sanctions against the Russian Federation.
According to the agency’s sources, two regional banks operating in Chinese provinces bordering Russia are planned to be included in the “black lists”.
It was regional banks that became the key channel for payments between Russia and China after the United States tightened the financial sanctions regime at the end of last year and threatened secondary measures to any credit institution involved in transactions with Russia.
In addition to making payments and providing export financing, they also provided crypto services that helped Russia bypass sanctions, Bloomberg cites the EC document. As part of the sanctions regime, these banks will be cut off from the financial system of the European Union.
It was previously reported that the EU plans to include more than 30 individuals and legal entities in the 18th package of sanctions. Another 22 Russian banks will be disconnected from the SWIFT system, 77 tankers of the “shadow fleet” will be included in the “black lists”. The European Commission also proposes to impose a ban on the resumption of the Nord Stream gas pipeline and to reduce the “price ceiling” on Russian oil – from $60 to $45 per barrel.
The next package of sanctions will most likely be adopted next week, German Chancellor Friedrich Merz said on Wednesday.
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