Beijing threatens to respond following sanctions for cooperation with Russia. The European Union has, for the first time, included Chinese banks and companies in a new sanctions package against Russia for the attack on Ukraine.

Beijing’s reaction was immediate and harsh: “China expresses strong dissatisfaction and resolute protest.”

According to a statement from the Ministry of Commerce of the People’s Republic of China, the Chinese side views the 18th sanctions package as an unfriendly act that violates international law, undermines economic relations with the EU, and threatens financial cooperation.

Four Chinese companies were added to the EU blacklist, including two from Hong Kong, Zhu Jiang Shipmanagement and ACE Electronic HK, as well as Wuhan Global Sensor Technology and Shandong ODES Industry from mainland China. The reason: assistance to Russia in circumventing restrictions, supplying technologies and components that can be used in the production of weapons that kill Ukrainians.

“China calls on the EU to immediately stop its wrongful practice of including Chinese enterprises and financial institutions on sanction lists and will take necessary measures to reliably protect the lawful rights and interests of Chinese companies,” the statement said.

China’s outrage coincides with preparations for the 25th anniversary China–EU summit, scheduled for 24 July in Beijing. This is the second consecutive time the summit will not be held in Europe as Xi Jinping refused to travel to Brussels, and instead, European leaders will come to China to discuss the most sensitive issues in bilateral relations.

Despite the pressure, Brussels sends a clear signal: sanctions evasion via third countries, including China, will no longer go unanswered.

Previously, US Army Europe and NATO Allied Forces Supreme Commander General Alexus Grynkewich has warned that American and its European allies likely have only a year and a half to prepare for a potential global military conflict with China and Russia. According to Bild, the two dictatorships may launch a coordinated strike in 2027.

London and Brussels jointly cut the Kremlin’s oil revenues. The UK government decided to lower the price cap on Russian oil from $60 to $47.60 per barrel after the EU adopted the 18th EU sanctions package on 18 July.

According to Western analysts, Moscow’s oil profits have already dropped by 35% compared to last year. The new lower price cap will further restrict the Kremlin’s financial resources used to fund its aggression against Ukraine.

“The UK and its EU allies are turning the screw on the Kremlin’s war chest by stemming the most valuable funding stream of its illegal war in Ukraine even further,” said UK Chancellor of the Exchequer Rachel Reeves.

The official added that this decisive step to lower the crude oil price cap will target Russia’s oil revenues and intensify pressure on Russian President Vladimir Putin by exploiting his greatest vulnerability.

London emphasized that the sanctions are intended to punish the aggressor and preserve the stability of the global energy market.

The Kremlin has once again erupted in threats and vitriol. Following the adoption of the EU’s 18th sanctions package against Moscow’s aggression, Dmitry Medvedev, the Russian former president, lashed out, calling European Commission President Ursula von der Leyen a “disgusting old hag” and branding Europeans as “imbeciles.”

“European imbeciles have approved the 18th package of sanctions against our country. There’s no point in writing that it will change Russia’s stance any more than the previous seventeen did,” Medvedev said on social media.

EU agrees on new Russia sanctions package targeting energy and finance

He believes the Russian economy would endure and stated that the destruction of Ukraine would continue.

“Strikes on targets in the so-called Ukraine, including Kyiv, will be carried out with increasing force,” he stressed.

Medvedev then escalated his tirade, launching insults at EU nations including Poland, Germany, France, the Baltic states, and the UK. He urged maximum detachment from the EU, which he claimed is now home to “Brits mired in their own shit.”

He went further, stating that Russians should learn to hate Europeans, just as their ancestors once did.

“Hatred is the most powerful weapon, allowing us to move most effectively toward its opposite—love. Naturally, toward those who deserve it,” he claimed.

Von der Leyen received particular scorn, with Medvedev attempting to mock her medical background.

“I’m not sure she even knows where the heart is. Though it seems she’s always thought with the part of her body she used during her failed medical career,” he said. 

Medvedev’s outburst once again illustrates the tone of official Russian rhetoric amid intensified missile strikes on Ukrainian civilians, Russia’s answer to US President Donald Trump’s recent peace efforts.

The EU may revisit the vote on its 18th sanctions package against Russia as early as 18 July after the bloc’s representatives failed to reach a consensus on Wednesday, 16 July. The deadlock stems from Slovakia’s opposition, which is tied to the European Commission’s gas policy.

“No green light today on Russian sanctions during debate with ambassadors. They may return to the issue on Friday,” reports Rikard Jozwiak from Radio Free Europe/Radio Liberty.

The proposed sanctions package reportedly includes:

A “dynamic mechanism” for pricing Russian oil, 15% below the market price, which is approximately $47 per barrel

• A ban on operations involving the Nord Stream gas pipelines,
• Sanctions against a Russian oil refinery operating in India,
• Restrictions on two Chinese banks assisting Moscow in evading sanctions,
• Measures targeting Russia’s “shadow fleet” transporting energy resources outside sanctions regimes.

Meanwhile, Estonia has warned it will block the package if the provision to lower the oil price cap is removed, ERR writes.

“We have a very clear position that the oil price cap reduction must be included in this package. We hold a very firm stance on this issue,” Estonian Foreign Minister Margus Tsahkna says.

At the same time, Lithuanian Foreign Minister Kęstutis Budrys has expressed hope that pressure on Russia will only intensify, according to Delfi. He has also announced that the country will begin its work on the next 19th sanction package after the 18th is adopted. 

“The next package should follow, and we will continue this process until the Russian war machine either chokes or shuts down due to lack of revenue,” he has noted. 

Unanimity remains the EU’s only path to advancing sanctions policy, and Russia has proven adept at exploiting this vulnerability.