EU renews Russia sanctions, drops Russian billionaires Usmanov and Fridman
The compromise extends sanctions on nearly 3,000 other targets for three years after Latvia dropped its veto, diplomats said.
- On Tuesday, EU diplomats agreed to drop Russian businessman Alisher Usmanov and Russian billionaire Mikhail Fridman from the sanctions list, extending remaining measures for three years after Latvia withdrew its veto.
- France pushed for Russian-Uzbek metals tycoon Usmanov's removal earlier this month, citing national security concerns, while Luxembourg demanded equal treatment for Fridman, who launched a $16 billion claim against the country.
- Previously, Russia sanctions required unanimity among EU countries and were renewed every six months, but Latvia ultimately abstained from this vote, allowing the three-year renewal deal to pass.
- Formal adoption remains pending, awaiting completion of a written procedure to finalize the rollover of remaining individuals and entities currently on the sanctions list.
- The unusually fraught process illustrates ongoing tension as EU countries navigate individual security concerns alongside collective efforts to maintain pressure on Russia through sanctions policy.
152 Articles
152 Articles
European parliamentarians call removal of Russian oligarchs from the EU sanctions list a dangerous precedent and urge that the sanctions remain in place
RIGA - The removal of Russian oligarchs Alisher Usmanov and Mikhail Fridman from the European Union (EU) sanctions list sets a dangerous precede...
Europe removes two Russian billionaires from sanctions list as France and Luxembourg intervene
The European Union has removed prominent Russian businessmen Alisher Usmanov and Mikhail Fridman from its sanctions list. Personal sanctions against both men were imposed in 2022. They included asset freezes and a ban on entering the European Union. France traded Usmanov for its citizens in Azerbaijan The most unusual story is connected with Usmanov. Paris officially cites national security considerations, but Western media have reported a diffe…
Instead of removing two Russian tycoons from the sanctions list, the European Union (EU) agreed to extend sanctions for about 3000 individuals and organizations involved in Russia's support for the war in Ukraine by 3 years. It was a last-minute compromise to maintain sanctions against Russia, but member states put their own interests ahead and went to Europe
Due to the demands of France and Luxembourg, two of the most well-known Russian influencers, Usmanov and Fridman, are no longer on the list of those sanctioned for supporting Russia.
At the last minute, the EU agreed to extend Russia's sanctions against some 3000 people and organisations by three years.
This compromise allowed the Twenty-Seven to renew their sanctions against nearly 3,000 individuals and entities accused of supporting the Russian war effort against Ukraine.
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