The European Union has decided to remove Russian billionaires Alisher Usmanov and Mikhail Fridman from its sanctions list while extending restrictions on close to 3,000 individuals and entities tied to Russia’s ongoing conflict in Ukraine. This decision comes as part of a broader sanctions framework renewal by the EU, requiring unanimous consent from all 27 member states.
The removal of Usmanov and Fridman, prompted by appeals from France and Luxembourg respectively, has sparked criticism from Ukraine, which opposes the delisting of the two businessmen. Despite lifting sanctions on these individuals, the EU has opted for an extended sanctions duration of 36 months instead of the usual six-month renewal, aiming for greater stability and predictability in its measures against Russia.
The current EU sanctions list remains comprehensive, maintaining restrictions on high-profile figures like Russian President Vladimir Putin and Foreign Minister Sergey Lavrov. Additionally, the list includes senior officials, key financial institutions, energy companies, and entities associated with Russia’s defense sector.
In response to the evolving situation in Ukraine, the EU is also preparing to implement further sanctions targeting individuals and organizations involved with Russia’s military-industrial complex. These measures are part of the EU’s continued efforts to apply pressure on Russia amid the ongoing conflict.
