Tensions between the European Union and China have escalated sharply after the EU imposed sanctions on Chinese banks and companies for allegedly aiding Russia's war effort in Ukraine.
This marks the first time the EU has directly targeted Chinese financial institutions, prompting strong protests and threats of retaliation from Beijing. EU leaders have made it clear that China's relationship with Russia is now the 'determining factor' in EU-China relations, urging Beijing to use its influence to push for an end to the war. China, however, has rejected these demands, insisting its cooperation with Russia is legitimate and warning the EU against harming Chinese interests.
The standoff comes ahead of a high-stakes EU-China summit, with both sides signaling a hardening of positions that could reshape global trade and diplomatic alliances.
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