Tensions are escalating between the European Union and China as the EU imposes sanctions on Chinese banks and companies accused of aiding Russia's war effort in Ukraine.
For the first time, the EU has targeted Chinese financial institutions in its latest sanctions package, prompting strong protests and threats of retaliation from Beijing. EU leaders are urging China to use its influence to pressure Russia to end the war, warning that Beijing's relationship with Moscow is now the 'determining factor' in EU-China relations. China has rebuked the EU, insisting its cooperation with Russia is legitimate and vowing to defend its economic interests.
The standoff comes ahead of a high-stakes EU-China summit, with both sides signaling that future ties hinge on China's stance regarding the Ukraine conflict.
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