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.

China has imposed sanctions on two Lithuanian banks, in retaliation for recent EU curbs on two Chinese lenders as relations sour over Russia’s invasion of Ukraine.

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