· · 2 sources

EU members approve lifting sanctions on two Russian oligarchs while extending others

European Union member states agreed Monday to remove Alisher Usmanov and Mikhail Fridman from the sanctions list while extending restrictions on nearly 3,000 other entities.

EU fails to reach deal to lift sanctions on Russian oligarchs
File photo EU fails to reach deal to lift sanctions on Russian oligarchs Photo: France 24

Compromise reached before deadline

Diplomats confirmed that the 27 member states found a solution just before the Tuesday deadline to keep the overall blacklist intact. This agreement allowed for the delisting of the two billionaires despite very few countries initially wanting this specific outcome.

France and Luxembourg push for removal

France requested Usmanov's removal on national security grounds, reportedly linking it to a prisoner exchange deal involving French nationals. Luxembourg subsequently asked for the same treatment for Fridman, who is suing the Grand Duchy for billions over frozen assets.

Critics call move shameful

Ukraine criticized the decision as unacceptable, with President Volodymyr Zelenskyy stating that no name on the list is there by accident. The Ukrainian foreign minister described the action as shameful and unjustifiable to many EU countries concerned about setting a bad precedent.

All 2 outlets report consistently

No differences in figures, names or dates across these reports.

  • France 24
  • The Guardian

Reported by

2 independent outlets. Headlines as published. Links open the original report.