Ukraine to add 20 Russian oligarchs to sanctions list after EU Council removed Fridman and Usmanov — Foreign Ministry
In response to the lifting of European sanctions against Russian oligarchs Mikhail Fridman and Alisher Usmanov, Ukraine will add 20 more Russian oligarchs to its sanctions lists.
Ukrainian Foreign Minister Andrii Sybiha announced that Ukraine plans to add 20 Russian oligarchs to the sanctions list following the EU Council's removal of Mikhail Fridman and Alisher Usmanov from the list. Speaking to journalists, Sybiha described the lifting of sanctions against the two oligarchs as outrageous, emphasizing that Ukraine's response would be asymmetrical.
While two oligarchs have been removed from the sanctions list, Ukraine intends to add 20 more to its sanctions list. The country has prepared a list of over 20 Russian oligarchs and is seeking to reinstate the two previously sanctioned oligarchs. Sybiha stated that this is Ukraine's current approach, and the process of formalizing the decision is already underway, with the President's approval obtained.
Ukraine is also working at the national level to ensure that Usmanov and Fridman remain sanctioned in national jurisdictions. Canada, the United Kingdom, Japan, and Australia have confirmed that they will not remove the two oligarchs from their own sanctions lists. On September 22, the EU Council adopted a decision to extend restrictive measures against individuals responsible for undermining Ukraine's territorial integrity, sovereignty, and independence until September 22, 2029.
The EU also removed Russian oligarchs Fridman and Usmanov from the list. Ukraine plans to propose new EU sanctions against Russian oligarchs linked to the defense-industrial complex.
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