Mikhail Fridman
Mikhail Fridman is a Russian-born businessman of Ukrainian origin and co-founder of Alfa-Bank and the investment group LetterOne. Born in Lviv and educated in Moscow, he long ranked among Russia's wealthiest individuals. Following Russia's full-scale invasion of Ukraine he has been placed under sanctions by the European Union and other jurisdictions, and has effectively been distanced from the management of his business holdings.
-
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.
-
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.