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Ukraine anger as EU removes Russian oligarchs from sanctions list

Ukraine anger as EU removes Russian oligarchs from sanctions list

Summary

The European Union plans to remove sanctions on two Russian oligarchs, Alisher Usmanov and Mikhail Fridman, which were imposed after Russia's invasion of Ukraine. This decision caused anger in Ukraine, which called the move unacceptable and urged EU countries to impose their own sanctions instead.

Key Facts

  • The EU will lift sanctions on Alisher Usmanov and Mikhail Fridman, wealthy businessmen linked to President Putin.
  • France pushed for Usmanov’s removal from the sanctions list, citing national security reasons.
  • Luxembourg requested lifting sanctions on Fridman, who is suing to access frozen assets.
  • Latvia initially opposed removing these sanctions but agreed after a compromise that extended sanctions on nearly 3,000 others for three years.
  • Ukraine's Foreign Minister criticized the EU’s move, saying it rewards Russia and divides European countries.
  • The Kremlin welcomed the decision, calling EU sanctions illegal and wanting all sanctions removed.
  • Usmanov owns companies in metals and telecommunications and has ties to English football clubs.
  • Fridman runs a large investment group involved in energy and banking and did not fully condemn the war in Ukraine.
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