EU Reviews Sanctions on Lukashenko Ties; Fridman Sanctions Removed
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- Developments
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- Repetition
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New informationRepeats or wire copies
What happened
The European Union removed Mikhail Gutseriev and Viktor Shevtsov from the Belarus sanctions list after court rulings found insufficient evidence of continued support for Alexander Lukashenko’s government. Separately, the EU removed Alisher Usmanov following a push from France. Mikhail Fridman was also removed from the EU sanctions list at Luxembourg's request.
From themoscowtimes.com, aol.co.uk
Why it matters
The court rulings and diplomatic efforts alter the regulatory status of major business figures tied to Russian and Belarusian regimes. This changes the operational standing and asset accessibility for individuals like Mikhail Fridman and Alisher Usmanov.
From themoscowtimes.com, aol.co.uk
Who's involved
- Alexander LukashenkoPresident of the Republic of Belarus, whose ties were reviewed under sanctions.
- LuxembourgCountry that facilitated the removal of Mikhail Fridman from EU sanctions.
- Mikhail FridmanBusinessman whose sanctions were removed from the EU list at Luxembourg's request.
- Alisher UsmanovMetals tycoon whose sanctions were removed following a push from France.
- EuropeThe continent whose sanctions policies were reviewed by the General Court.
- Council of the European UnionInstitution of the European Union that formally removed Mikhail Fridman from the sanctions list.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Council of the European Union removes oligarchs after Luxembourg pressureThe Council of the European Union removed oligarchs following Luxembourg pressureAlready happening
- Azerbaijan talks may have helped lift sanctions on Alisher UsmanovDiplomatic pressure from Azerbaijan may have contributed to Alisher Usmanov's sanctions removalLikely
- General Court rulings may force European Commission regulatory changesThe European Commission must adjust regulatory frameworks following General Court sanctions reviews.Likely
- Azerbaijan pressure may constrain Macron's sanctions policyAzerbaijan pressure may constrain Macron's sanctions policyLikely
- Sanctions removal may increase Citibank's ability to unblock frozen assetsSanctions removal may increase Citibank's ability to unblock frozen assetsPossible
See all 7 possible ripples
- Sanctions removal may signal normalization of relations with PutinSanctions removal on oligarchs signals dangerous normalization of relations with Putin's regimePossible
- Sanctions review may reduce regulatory restrictions on individuals tied to BelarusSanctions review may reduce regulatory restrictions on individuals tied to Belarus's governmentPossible
How it developed
Newest first. Tap a step to see who reported it.General Court reviewed sanctions against Lukashenko ties; Luxembourg pushed for Fridman's sanctions removal.1 source
Luxembourg facilitated Fridman's removal from EU sanctions list, while Azerbaijan pressured France.1 source
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The entities involved
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Alexander Lukashenko
President of the Republic of Belarus
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Luxembourg
country in Western Europe
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Mikhail Fridman
Russian–Israeli businessman, billionaire, and oligarch
Related events
- Belarus is facing European tensions, while Alexander Lukashenko denies sending troops to Ukraine and criticizes NATO military expansion.
- EU divisions prevent broader sanctions on September 5th.
- Belarus facilitates Russian attacks on Ukraine, with Alexander Lukashenko remaining dependent on the Kremlin.