Oligarchs Russia

Alisher Usmanov and Mikhail Fridman delisted in what Ireland’s EU presidency called ‘a difficult compromise’ for the blocThe EU has agreed to remove two Russian billionaires, Alisher Usmanov and Mikhail Fridman, from its sanctions list, while extending restrictions on nearly 3,000 individuals and companies accused of supporting the war on Ukraine for the next three years.With an end-of-Tuesday deadline looming to preserve the Russia blacklist, the EU’s 27 member states found a compromise that meant delisting the two oligarchs in spite of very few countries wanting this outcome. EU sanctions have to be approved unanimously. Continue reading...

• The EU Council approved a new sanctions package on April 11 targeting 28 Russian oligarchs and 15 companies involved in military procurement, freezing assets valued at approximately €3.2 billion. • The sanctions aim to disrupt Russian defense supply chains and increase pressure on Moscow's ability to sustain military operations in Ukraine, with measures including travel bans and financial transaction restrictions. • EU Foreign Affairs Chief Josep Borrell stated the sanctions demonstrate "unwavering support" for Ukraine, though critics argue they remain insufficient to alter Russian strategic calculations.

• The European Union imposed sanctions on 45 Russian businessmen and military contractors on April 9, freezing their assets and banning transactions worth an estimated €8.3 billion in response to what Brussels termed "financing of the war in Ukraine and sanctions evasion."​ • The new measures target individuals accused of shell company networks used to circumvent previous sanctions, with particular focus on the defense and energy sectors supplying Russian military operations. • EU officials stated the expanded sanctions list represents the 14th round of measures against Russia since February 2022, with the bloc pledging continued escalation if Moscow does not halt military operations.

• The European Union announced a new sanctions package targeting 18 Russian oligarchs and 42 entities on Wednesday, citing evidence of sophisticated sanctions evasion schemes involving cryptocurrency and shell companies across multiple jurisdictions. • The targeted individuals reportedly transferred approximately $2.3 billion through complex financial networks designed to circumvent existing sanctions imposed following Russia's 2022 invasion of Ukraine. • EU officials coordinated closely with US Treasury Department and UK authorities, with the announcement emphasizing enhanced coordination mechanisms to close loopholes in enforcement and detection capabilities.