Mikhail Fridman
Mikhail Fridman is a Russian-Israeli businessman born in Lviv who founded the Alfa-Group consortium, which controls Alfa-Bank and X5 Retail Group. He built his fortune in Moscow in the 1990s and was long ranked among Russia's wealthiest individuals. Following Russia's full-scale invasion of Ukraine, he has been placed under EU and UK sanctions; Slovakia temporarily blocked the renewal of his EU sanctions in 2022.
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EU ambassadors agree 22nd Russia sanctions package after Estonia secures removal of rare-earth supplier
EU ambassadors agreed on 7 October on a new sanctions package against Russia — the largest approved at one time — covering 743 individuals and 826 legal entities tied to Russia's military-industrial complex. At Estonia's request, one Russian rare-earth supplier and an associated individual were removed from the draft to protect inputs for the Estonian company NPM Silmet. EU foreign ministers are due to formally approve the package on 12 October.
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EU ambassadors agree on largest Russia sanctions package to date, targeting 1,500 individuals and companies
EU member-state ambassadors agreed on October 7 to add 743 individuals and 826 companies linked to Russia's military-industrial complex to the EU sanctions list, along with 77 people 'elected' to the Russian State Duma from occupied Ukrainian territories. The package also extends the chemical-weapons sanctions regime covering 31 individuals and six organizations. Formal approval is scheduled at the EU Foreign Affairs Council on October 12 in Luxembourg.
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EU extends Ukraine sanctions for three years but drops Usmanov and Fridman, prompting Ukrainian criticism
On 22 September, the EU Council extended Ukraine-related sanctions for 36 months until 22 September 2029, the first time the regime has been renewed for three years instead of the usual six-month cycle. In the same decision, the EU removed Russian oligarchs Alisher Usmanov and Mikhail Fridman from the list. Ukraine called the delisting "shameful" and unjustified, and the Baltic states announced national sanctions in response. A day later, on 23 September, Azerbaijani President Ilham Aliyev pardoned French citizen Martin Ryan, who had been sentenced to ten years in prison on espionage charges that France rejects.
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EU extends Ukraine-related sanctions three years but drops Usmanov and Fridman in compromise
EU ambassadors agreed on 22 September to extend the bloc's individual sanctions related to Ukraine's territorial integrity for 36 months, until 22 September 2029, in a compromise that removes Russian oligarchs Alisher Usmanov and Mikhail Fridman from the list. Latvia, the only holdout, lifted its veto and abstained, and announced it will impose its own national sanctions against the two men.
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Zelensky and Trump meet in New York: energy ceasefire, Patriot production and a push to end the war before winter
On September 22, Ukrainian President Volodymyr Zelensky met US President Donald Trump on the sidelines of the 81st UN General Assembly in New York. Zelensky proposed a mutual energy ceasefire, raised licensing of Patriot interceptor missile production in Ukraine, and said he is ready to meet Vladimir Putin with Trump's help. Trump said the war will end "sooner than people realize" and warned he is ready to use the newly-signed "Graham law" sanctions against Russia.
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EU Coreper fails to extend Russia sanctions as Slovakia and France push to delist oligarchs
EU ambassadors meeting on 21 September failed to reach consensus on extending the bloc's individual sanctions regime against Russia, which covers roughly 3,000 individuals and entities including Vladimir Putin. Slovakia and France insisted on delisting sanctioned oligarchs Alisher Usmanov and Mikhail Fridman; a compromise deal that would have extended the regime for 36 months in exchange for delisting them collapsed after Latvia blocked it. Coreper scheduled a further meeting for the morning of 22 September, hours before the midnight deadline at which the entire regime would lapse without unanimous renewal. Ukraine's Foreign Minister Andrii Sybiha publicly called any delisting unacceptable and a wrong signal to Moscow.
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Ukraine's Sybiha urges strike-by-strike sanctions on Russia at Kyiv briefing with Poland's Sikorski
Ukrainian Foreign Minister Andriy Sybiha, speaking at a joint briefing in Kyiv with Polish Foreign Minister Radosław Sikorski, called on Western partners to impose new sanctions on Russia after every massive strike on Ukraine rather than waiting for large packages. He proposed an "Anti-Ballistic Package" targeting Russian missile and drone production, said Western-made components continue to end up in Russian weapons, and framed Russian attacks as a threat to the EU and NATO and to Black Sea shipping.
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France backs Slovakia's push to remove Russian oligarch Usmanov from EU sanctions list
France is pushing to remove Russian businessman Alisher Usmanov from the EU personal sanctions list, aligning with a longstanding Slovak demand. The move has caused dissatisfaction among other EU members and comes as ambassadors failed to agree on extending the sanctions regime before a September 15 deadline.
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Zelensky calls on EU to strengthen sanctions on Russian business, names Fridman and Usmanov
President Volodymyr Zelensky urged the European Union to increase sanctions pressure on Russian business and oligarchs, singling out Mikhail Fridman and Alisher Usmanov. His appeal came as Russia has launched nearly 500 strike drones at Ukraine since the morning of September 12, and as EU ambassadors have again failed to agree on extending personal sanctions ahead of a September 15 deadline.