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From EU Reviews Sanctions on Lukashenko Ties; Fridman Sanctions Removed

How could diplomatic talks involving Azerbaijan affect Alisher Usmanov's sanctions status?

Likely What happens if… A possibility worth considering, not a forecast.

Diplomatic pressure from Azerbaijan may have contributed to Alisher Usmanov's sanctions removal Alisher Usmanov was sanctioned by the European Union following Russia's full-scale invasion of Ukraine in February 2022. The reports indicate that France sought to lift sanctions on Usmanov as part of negotiations with Azerbaijan, which was holding French citizens. This diplomatic push ultimately led to Usmanov's removal from the EU sanctions list on September 22 this year. This outcome is part of a broader trend where states, such as Luxembourg, have also facilitated the removal of sanctions against other oligarchs.

Reported by 2 independent outlets Written Sunday
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How it reaches Alisher Usmanov

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The facts so far

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  • Alisher Usmanov was sanctioned by the EU after Russia's full-scale invasion of Ukraine in February 2022.aol.co.uk
  • France sought to lift sanctions on Usmanov as part of negotiations with Azerbaijan to secure the release of French nationals held there.themoscowtimes.com
  • Usmanov was removed from the EU's list on 22 September this year, following a push from France.aol.co.uk

Why it matters

The removal of sanctions against high-profile oligarchs like Alisher Usmanov signals a potential shift in Western policy regarding Russia. This trend is part of a broader pattern where diplomatic negotiations and legal challenges, such as those facilitated by Luxembourg, are leading to the lifting of restrictions on individuals tied to the Kremlin.

This development raises questions about the consistency of Western sanctions policy. Opposition figures argue that the lifting of sanctions on major Kremlin oligarchs sends a dangerous signal that the West is ready to normalize relations with Putin's regime, potentially opening a 'Pandora's box' for other sanctioned individuals.

What we don't know yet

  • Will the trend of sanctions removal continue for other sanctioned Russian oligarchs?
  • How will the lifting of sanctions affect the political relationship between France and Azerbaijan?

Is this still moving?

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What would change this answer

The EU Council introduces new, stricter criteria for sanctions enforcement.The trend of sanctions removal would slow down, making it harder for oligarchs to overturn restrictions.
France or Luxembourg publicly commits to a comprehensive sanctions review.The process of sanctions removal could accelerate, potentially affecting other high-profile individuals.

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Brind's analysis is written by AI from the reporting linked above and can be wrong. This explainer is a possibility worth considering, not a forecast: steps marked as Brind's reasoning are not stated in the reporting. It is not investment advice; do your own research.