EU fails to reach deal to lift sanctions on Russian oligarchs
Summary
The European Union did not reach an agreement to remove sanctions on Russian businessmen Alisher Usmanov and Mikhail Fridman. EU countries were trying to approve lifting these sanctions as part of a larger deal to extend penalties on about 3,000 others linked to the war in Ukraine.Key Facts
- EU member states failed to finalize lifting sanctions on Russian oligarchs Usmanov and Fridman.
- A provisional agreement had been made to remove these two from the EU blacklist.
- The deal was part of a compromise to extend sanctions on nearly 3,000 individuals and groups.
- The sanctions are related to Russia’s war in Ukraine.
- Diplomats were involved in negotiations to finalize the deal.
- The failure to reach consensus means the sanctions on Usmanov and Fridman remain in place.
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