EU removes Russian oligarchs Usmanov and Fridman from sanctions list
Ukraine and the UK criticize the move as France and Luxembourg broker removal of Putin-linked billionaires from Europe's Russia sanctions regime.
What to know
- The EU delisted Putin-linked oligarchs Usmanov and Fridman on September 22 after France and Luxembourg broker deals; Latvia abstained rather than veto to preserve the broader three-year sanctions extension.
- Ukraine and the UK both rejected the move, warning it signals weakness to Moscow and could set a precedent for eroding the unified EU sanctions regime.
- Usmanov's removal resulted from diplomatic networks with Uzbek and Azerbaijani leaders; Fridman was an "incidental beneficiary" who had largely lost hope of delisting.
Alisher Usmanov Russian-Uzbek billionaire, USM Holding founder
Mikhail Fridman Russian-Israeli billionaire, Alfa Group founderAndriy Sybiha Ukrainian Foreign MinisterVladyslav Vlasiuk Zelensky adviser on sanctions policy
Andy Burnham UK Prime MinisterEuropean Union Sanctions regime administrator
How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts
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Fridman was surprised by delisting, had largely given up hope
According to Bloomberg sources, Mikhail Fridman had "all but lost hope" of sanctions relief despite court victories and was surprised by the EU's decision. He is characterized as an "almost incidental beneficiary" of Usmanov's personal networks with leaders of Uzbekistan and Azerbaijan.
“Moscow is celebrating because it got what it wanted: a sense of impunity, the humiliation of the EU, and division among Europeans.”
— Andriy Sybiha, Ukrainian Foreign Minister · source -
first by Meduza EN, 12h ago
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Mikhail Fridman had "all but lost hope" of sanctions relief and was surprised the bloc removed him and Alisher Usmanov, Bloomberg reports. The outlet described Fridman as an "almost incidental beneficiary" of Usmanov's efforts. https:// meduza.io/en/news/2026/09/23/b loomberg-eu-sanctions-relief-surprises-russian-billionaire-mikhail-fridman
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UK maintains sanctions on both men, criticizes EU move
UK Prime Minister Andy Burnham told Ukrainian President Volodymyr Zelenskyy he disagreed with the EU's decision to lift sanctions on Usmanov and Fridman, according to people familiar with the matter.
“Russia is attempting to fracture EU unity, and it is crucial not to let this crack widen and lead to a weakening of the common sanctions policy.”
— Vladyslav Vlasiuk, Zelensky adviser on sanctions policy · source -
Russian Tycoon’s Personal Networks Helped Beat EU Sanctions https://www. bloomberg.com/news/articles/20 26-09-23/russian-tycoon-s-personal-networks-helped-beat-eu-on-sanctions?utm_source=flipboard&utm_medium=activitypub Posted into Ukraine @ ukraine-thenewsdesk
1 more of the top 2 · 2 posts in this stretch
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KYIV POST: ‘Lifting Restrictions Must Not Become a Precedent,’ Kyiv Says After Russian Billionaires Delisted https://www. kyivpost.com/post/85230 Ukraine criticized the EU’s decision to remove Russian billionaires Alisher Usmanov and Mikhail Fridman from its sanctions list, warning it could weaken EU unity. But, Kyiv welcomed the bloc’s three-year…
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background
Ukraine says delisting sends wrong signal; warns of precedent — Vladyslav Vlasiuk, Zelensky's adviser on sanctions policy, told Kyiv Post the EU decision was "very strange" with no change in circumstances. He warned Russia could exploit divisions within the EU and said lifting restrictions on individual oligarchs must not become a precedent for weakening sanctions.
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background
EU removes Usmanov and Fridman from sanctions list — The Council of the European Union voted to remove both oligarchs from the sanctions list after France, with ties to Uzbekistan and Azerbaijan, campaigned for Usmanov's removal and Luxembourg pushed for Fridman's delisting. The move was conditional on a three-year extension of sanctions on the remaining 2,600–3,000 individuals and entities, previously renewed every six months.
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EU sanctions list set to expire; divisions emerge over renewal — The EU's Russia sanctions list, covering around 3,000 individuals and entities, was due to expire on September 14–15. Member states were divided over whether to renew sanctions against Usmanov and Fridman, with France and Slovakia wanting them lifted.
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background
EU imposes sanctions on Usmanov and Fridman after Russian invasion — Following Russia's full-scale invasion of Ukraine, the EU froze assets of Alisher Usmanov, described as "a pro-Kremlin oligarch with particularly close ties to Russian president Vladimir Putin", and Mikhail Fridman, described as "a top Russian financier and enabler of Putin's inner circle".
Also covered reported alongside — the timeline has no entry for these yet
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first by Bloomberg Politics, 16h ago · also Bloomberg Markets
1 more headline
- UK Will Keep Sanctions on Russian Tycoons, Critical of EU’s Lift Bloomberg Politics · 16h ago
and 1 smaller piece