EU fails to agree on lifting sanctions on Russian oligarchs
Summary
The European Union (EU) could not agree on removing Russian billionaires Alisher Usmanov and Mikhail Fridman from its sanctions list on Monday. Talks will continue as the EU tries to extend sanctions on nearly 3,000 other people and groups linked to the Ukraine war.Key Facts
- The EU failed to finalize a deal to lift sanctions on Russian billionaires Usmanov and Fridman.
- Negotiations are set to continue to try to reach an agreement soon.
- France and Slovakia pushed to remove Usmanov from the sanctions list, citing national security reasons.
- Luxembourg demanded Fridman’s sanctions be lifted if Usmanov’s were, as part of a compromise.
- Some EU countries like Poland and the Baltic states strongly opposed lifting sanctions on these businessmen.
- The EU aims to extend most Russia-related sanctions for three years rather than shorter periods.
- Ukraine criticized the possible lifting of sanctions, saying pressure on Russia must increase, not decrease.
- Both Usmanov and Fridman are suing the EU to challenge their sanctions.
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