Australia Delists Cyprus-Based Businessman Igor Makarov from Sanctions List

Australia Delists Cyprus-Based Businessman Igor Makarov from Sanctions List

Australia has officially removed Igor Makarov, a Cyprus-based businessman and philanthropist, from its autonomous sanctions list, making it the second Western government, after the United Kingdom, to reverse sanctions initially imposed in response to Russia’s 2022 invasion of Ukraine. Notably, neither the United States nor the European Union has sanctioned Makarov. The decision follows a comprehensive review by Australia’s Department of Foreign …