# UAB Urbo Bankas

A Diplomatic Thaw: Beijing Rescinds Countermeasures Against EU Financial Entities

China has lifted countermeasures against two Lithuanian banks, UAB Urbo Bankas and AB Mano Bankas, following the EU's decision to withdraw sanctions against Chinese entities. The move signifies a tactical de-escalation in financial tensions and underscores China's use of its Anti-Foreign Sanctions Law as a reciprocal diplomatic tool.