- 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.
- The political push for the removal of sanctions on Alisher Usmanov is complicated by calls from France and Luxembourg regarding Mikhail Fridman's case and his lawsuit over frozen EU assets.
EU Removes Sanctions on Alisher Usmanov and Mikhail Fridman
- Reports
- 9
- Developments
- 2
- Repetition
- 78%
New informationRepeats or wire copies
What happened
The European Union member states agreed to remove Alisher Usmanov and Mikhail Fridman from their sanctions blacklist. This decision was reached following a deal brokered by Ireland. As part of this compromise, the bloc extended sanctions on approximately 3,000 other Russian and Russian-linked entities and individuals by three years. The removal of the businessmen and Redbird Corporate Services Ltd was published in the Official Journal of the European Union.
From centralasiatimes.com, azerbaijannews.net, interfax.com.ua
Why it matters
The removal of sanctions ends regulatory restrictions on the assets and operations of Alisher Usmanov and Mikhail Fridman. This action was part of a larger deal where the European Union extended sanctions on roughly 3,000 other Russian and Russian-linked entities and individuals by three years.
The political push for the removal of sanctions on Alisher Usmanov is complicated by calls from France and Luxembourg regarding Mikhail Fridman's case and his lawsuit over frozen EU assets. Latvia has also lodged an objection to the sanctions.
Who's involved
- Alisher UsmanovRussian billionaire whose sanctions were removed by the EU bloc
- Mikhail FridmanRussian–Israeli businessman whose sanctions were removed by the EU bloc
- IrelandSovereign state that brokered the deal leading to the bloc compromise
- LatviaSovereign state that actively opposed the removal of sanctions against Alisher Usmanov
- European CouncilInstitution of the European Union that imposes sanctions and regulatory constraints
- Council of the European UnionInstitution 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.
- Alisher UsmanovSpeculative
Alisher Usmanov might see his business operations restored following the removal of sanctions.
How it developed
Newest first. Tap a step to see who reported it.Ireland brokered the deal for the EU bloc to remove sanctions on Usmanov and Fridman.1 source
Criticism arises over the EU's decision to remove sanctions on Alisher Usmanov and Mikhail Fridman.1 source
Keep exploring
The entities involved
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Alisher Usmanov
Russian billionaire
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Mikhail Fridman
Russian–Israeli businessman, billionaire, and oligarch
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Ireland
sovereign state in Northwestern Europe
Related events
- Latvia holds leverage on the EU's unanimity requirement regarding the review of sanctions on Mikhail Fridman and Alisher Usmanov.
- A drone attack occurred at Leipzig airport, coinciding with calls from Slovakia and France regarding the delisting of sanctioned individuals like Alisher Usmanov and Mikhail Fridman.
- France is pushing for the delisting of Alisher Usmanov, while the political process in Brussels is complicated by the stances of member states like Hungary and the context of Azerbaijan.
- The European Commission is imposing sanctions on Russian targets, monitoring the sanction status of Alisher Usmanov, and a citizen is involved in a potential exchange.
- Trump met Zelenskyy at the UN General Assembly, while France pushed for the removal of sanctions against Alisher Usmanov in Azerbaijan.
Coverage
Newest first; wire copies grouped- azerbaijannews.net
- centralasiatimes.com
- russiaherald.com
- interfax.com.ua
- greekherald.com
- kyivpost.com