EU Sanctions Extended: Oligarchs Remain on the Sanction List
The EU has extended sanctions against over 2,600 individuals and organizations supporting the Russian war in Ukraine, despite Slovakia's veto attempt to remove two oligarchs from the list.
On Saturday, the European Union confirmed the extension of sanctions against more than 2,600 individuals and organizations linked to the Russian war in Ukraine. This move comes just before the sanctions were set to expire, with a spokesperson from the Cypriot EU Council Presidency announcing that the extension would continue for another six months. The decision was made through a written procedure, ensuring immediate continuity of the sanctions.
Slovakia had previously attempted to veto this sanction extension, aiming to remove two oligarchs, Michail Fridman and Alischer Usmanow, from the list. Fridman is known as a co-founder of Alfa-Bank, while Usmanow has been influential in establishing one of Russia's largest steel producers. However, despite their efforts, Bratislava was unsuccessful in its veto, indicating a strong consensus among EU members regarding the necessity of maintaining these sanctions.
There has been some concession, as two other individuals will be removed from the sanctions list. This highlights the ongoing tensions within the EU regarding individual sanctions and the varying national interests of member states, especially as they relate to the broader geopolitical context surrounding the conflict in Ukraine and Russian influence in Europe.