Russian billionaires: EU wants to lift sanctions against Russian billionaires
The EU imposed sanctions on numerous billionaire oligarchs after Russia's war of aggression against Ukraine began. Now member states are forcing a controversial U-turn.
The EU is set to lift sanctions on oligarchs Alischer Usmanow and Michail Fridman due to opposition from some member states. The move is necessary to prevent a total blockade of Russia sanctions, which affect around 3,000 individuals, entities, and companies. The sanctions, which are up for renewal, aim to pressure Russia to end its war in Ukraine. The EU had previously accused Usmanow and Fridman of supporting the Kremlin and profiting from its policies.
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