# European delisting of Russian oligarchs

> Developing situation record from CLSTR: https://clstr.news/situations/european-delisting-of-russian-oligarchs
> Updated: 2026-11-05T01:41:08.000Z. Sources: 2. Developments: 2.

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.

## Timeline

### 2026-11-05: Switzerland 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.

2 sources. https://clstr.news/cluster/switzerland-removes-alisher-usmanov-and-mikhail-fridman-from-sanctions-list

### 2026-10-13: Luxembourg 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.

3 sources. https://clstr.news/cluster/luxembourg-faces-criticism-over-delisting-of-russian-oligarch-mikhail-fridman

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Cite as: European delisting of Russian oligarchs. CLSTR, https://clstr.news/situations/european-delisting-of-russian-oligarchs