- Hungary frequently raises objections to EU sanctions on Russia, while Latvian MEPs advocate for expanding sanctions against Russia.
- EU sanctions target Mikhail Fridman, prompting Latvia to lodge an objection and Kaja Kallas to urge the bloc to maintain sanctions.
EU Council removes Mikhail Fridman and Alisher Usmanov from sanctions list
What happened
Capitals reached a deal on Tuesday to remove Alisher Usmanov and Mikhail Fridman from the sanctions list. The Council of the European Union formally removed Mikhail Fridman from the sanctions list. This agreement was reached after France had delayed the EU’s individual sanctions framework for over a week.
From politico.eu
Why it matters
The lifting of restrictions could allow Mikhail Fridman and Alisher Usmanov to operate inside the EU. This decision followed a diplomatic negotiation process, which began after Baltic nations initially refused to sign off on the framework.
EU sanctions target Mikhail Fridman, prompting Latvia to lodge an objection while Kaja Kallas urged the bloc to maintain sanctions.
From politico.eu
Who's involved
- Mikhail FridmanRussian–Israeli businessman whose sanctions were lifted by the EU bloc.
- Alisher UsmanovRussian billionaire whose sanctions were lifted alongside Mikhail Fridman.
- Council of the European UnionInstitution of the European Union that formally removed Mikhail Fridman from the sanctions list.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- LuxembourgSpeculative
Luxembourg might see changes in the legal and regulatory jurisdiction managing the sanctions and asset status of Mikhail Fridman.
- LatviaSpeculative
Latvia may see its active opposition to sanctions removal overridden by the EU bloc decision.