Tensions are escalating between the European Union and China as the EU imposes sanctions on Chinese banks and companies for allegedly aiding Russia's war effort in Ukraine. This marks the first time the EU has targeted Chinese financial institutions in its sanctions packages, prompting strong protests and threats of retaliation from Beijing. EU leaders are pressuring China to use its influence over Russia to help end the war, warning that China's stance on the conflict will be the 'determining factor' in future EU-China relations. China, meanwhile, accuses the EU of harming its legitimate interests and vows to defend its businesses. The dispute comes ahead of a critical EU-China summit, with both sides trading sharp rhetoric and signaling a potential turning point in their relationship.
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