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EU removes two Russian billionaires from sanctions list

Alisher Usmanov and Mikhail Fridman were cut from the blacklist after capitals yielded to lobbying by France behind closed doors.

Two prominent Russian billionaires, Alisher Usmanov and Mikhail Fridman, are set to be removed from the EU's sanctions list following a recent deal. France had been holding up the process, but ultimately agreed to drop restrictions on the two men as part of a broader agreement. The decision came after Latvia, the most vocal opponent, agreed to abstain on the plan.

The agreement will remain in place if EU capitals submit their written consent by 6 p.m. on Tuesday. The move is expected to have a significant impact, with some countries concerned about the precedent it could set.

Written by urgent.news from Politico EU's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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