EU Lifts Sanctions on Oligarchs Usmanov and Fridman Amid Extended Sanctions Deal
What happened
On September 22, 2026, the EU removed sanctions on Russian oligarchs Alisher Usmanov and Mikhail Fridman while extending sanctions on approximately 3,000 others for three years.
The Context
- Sanctions Background: The EU imposed sanctions in 2022 following Russia's invasion of Ukraine, targeting individuals close to President Putin.
- Lobbying Influence: France and Luxembourg advocated for the delisting, linking it to national security and legal disputes over frozen assets.
- Ukrainian Response: Ukraine condemned the decision, viewing it as a sign of leniency towards Russia, while Latvia opted to maintain its own sanctions.
The Number
— the number of individuals and entities whose sanctions were extended for three years, highlighting the EU's ongoing commitment to pressure against Russia.
Takeaway
Expect continued tensions between Ukraine and the EU, as well as potential shifts in international relations and investment opportunities.
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