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EU renews Russia sanctions, drops Russian billionaires Usmanov and Fridman

The compromise extends sanctions on nearly 3,000 other targets for three years after Latvia dropped its veto, diplomats said.

  • On Tuesday, EU diplomats agreed to drop Russian businessman Alisher Usmanov and Russian billionaire Mikhail Fridman from the sanctions list, extending remaining measures for three years after Latvia withdrew its veto.
  • France pushed for Russian-Uzbek metals tycoon Usmanov's removal earlier this month, citing national security concerns, while Luxembourg demanded equal treatment for Fridman, who launched a $16 billion claim against the country.
  • Previously, Russia sanctions required unanimity among EU countries and were renewed every six months, but Latvia ultimately abstained from this vote, allowing the three-year renewal deal to pass.
  • Formal adoption remains pending, awaiting completion of a written procedure to finalize the rollover of remaining individuals and entities currently on the sanctions list.
  • The unusually fraught process illustrates ongoing tension as EU countries navigate individual security concerns alongside collective efforts to maintain pressure on Russia through sanctions policy.
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81 Articles

Lean Right

The head of the Ministry of Foreign Affairs of Ukraine, Andrei Sibiga, defied the EU for excluding Usmanov and Friedman from the sanctions list.

Lean Left

The EU stops sanctions against the Russian oligarchs Alish Usmanov and Mikhail Fridman. Kyyiv calls the decision "a shameful and indefensible".

·Hamburg, Germany
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Right

On Tuesday, the EU lifted its sanctions against the two Russian oligarchs Alish Usmanov and Mikhail Fridman (see video above). This has the background that otherwise a blockade of further Russia sanctions by individual Member States would have threatened. For example, the governments of France, Luxembourg and Slovakia had lobbied for the billionaires.

·Vienna, Austria
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n-tv broke the news on Monday, September 21, 2026.
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