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[SITUATION] · [ACTIVE] · [INTERNATIONAL]
2 clusters · 2 sources · 23 days · First seen · Last updated
European delisting of Russian oligarchs
Overview
The delisting of Russian oligarch Mikhail Fridman from sanctions lists has drawn scrutiny in Europe. In Luxembourg, Prime Minister Luc Frieden defended the decision to support delisting by citing a massive arbitration claim filed by Fridman against the country, which seeks approximately €16 billion in compensation following the freezing of his assets. Lawmakers in Luxembourg criticized this reasoning, expressing concerns that the move could erode EU unity or imply government influence over the sanctions process.
Following similar adjustments by the European Union, Switzerland also removed Mikhail Fridman and Alisher Usmanov from its sanctions list. The Swiss State Secretariat for Economic Affairs announced these changes as part of an update to the country’s Ukraine ordinance. While Switzerland is not an EU member, it has historically mirrored EU economic restrictions.
Entities
Mikhail Fridman · European Union · Switzerland · State Secretariat for Economic Affairs · Luc Frieden
Timeline
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[INTERNATIONAL] 2 sourcesSwitzerland removes Alisher Usmanov and Mikhail Fridman from sanctions list
Switzerland has delisted Russian businessmen Alisher Usmanov and Mikhail Fridman from its sanctions list, aligning its policy with recent decisions made by the European Union.
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[INTERNATIONAL] 3 sourcesLuxembourg faces criticism over delisting of Russian oligarch Mikhail Fridman
Luxembourg faces backlash for supporting the delisting of Russian oligarch Mikhail Fridman from EU sanctions, a move linked to a multi-billion euro arbitration claim against the state.
Sources
finews.com · ocafezinho.com