Tensions have escalated sharply between China and the European Union after the EU, for the first time, sanctioned Chinese banks and companies for allegedly aiding Russia's war effort in Ukraine. Beijing has condemned the move as unlawful and promised retaliation, warning that the sanctions threaten economic ties and the legitimate interests of Chinese enterprises. The dispute comes just ahead of a high-stakes EU-China summit, with both sides trading stern warnings and diplomatic protests. The EU's 18th sanctions package marks a significant shift in its approach, targeting not only Russian but also Chinese entities accused of supporting Moscow. This development signals a deepening rift in global geopolitics, with China making clear it cannot accept a Russian defeat in Ukraine and the West pushing for tougher economic measures.
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