Latvia imposes its own sanctions on Usmanov and Fridman following EU decision – PM
The issue of extending European Union sanctions against approximately 3,000 individuals and entities linked to support for Russian aggression in Ukraine should have been handled differently, according to Prime Minister Andris Kulbergs.
Latvia has taken matters into its own hands following the EU's decision to extend sanctions against Russian oligarchs Usmanov and Fridman. Prime Minister Andris Kulbergs expressed disappointment with the EU's handling of the issue, stating that Latvia should not have been left alone in this matter. Kulbergs emphasized the need for a united stance among the Baltic states.
Despite Latvia's initial opposition, the country ultimately abstained from voting against the decision. To comply with the new sanctions, the Cabinet of Ministers has imposed financial and entry restrictions on Usmanov and Fridman. Both businessmen are required to notify the Financial Intelligence Service about any assets within Latvia's jurisdiction they own or control within six weeks. This move comes after Ukraine imposed personal sanctions on Usmanov and Fridman earlier this year.
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