BEIJING - China's commerce ministry on Friday (April 24) rolled back countermeasures against two banks in the EU after the bloc lifted its sanctions against two Chinese financial institutions.

The two banks are Lithuania's UAB Urbo Bankas and AB Mano Bankas, the commerce ministry statement showed.

The ministry announced the countermeasures in August last year in response to the bloc placing two Chinese financial institutions on a Russia-related sanctions list.