# @cgtneurope on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DdoTJTxkzXd
- **Gondola URL:** https://gondola.cc/posts/70964019-cgtneurope-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/90ac104a92.jpg
- **Posted:** 2026-09-23T12:22:13.000+00:00
- **Account Owner:** CGTN Europe (@cgtneurope) — https://gondola.cc/cgtneurope

## Caption

EU countries have agreed to drop two high-profile billionaires, Alisher Usmanov and Mikhail Fridman, from the EU's Russian sanctions list in a compromise deal to roll over the roughly 3,000 other listed individuals and entities.⁣
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Earlier this month, France shocked other EU members when it pushed for Russian-Uzbek metals tycoon Usmanov to be removed from EU sanctions, citing national security concerns. Luxembourg then demanded the same treatment for Fridman, who had launched a $16 billion claim against the country.⁣
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As a compromise, EU envoys agreed to remove the two billionaires in exchange for a three-year renewal of measures against the other sanctioned individuals and entities instead of the usual six months.⁣
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Latvia was the last holdout in an unusually fraught process. The deadline to renew the sanctions was at midnight on September 22 after an extension from the original expiry on September 15.⁣
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Sanctions require unanimity among EU countries to be approved. Latvia ultimately abstained, diplomats said, which allowed the deal to pass. The decision was formally approved via a process known as a written procedure later on Tuesday.⁣
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#russia #ukraine #sanctions #europe

## Stats

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- **Likes:** 86
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- **Comments:** 15

## Tags

russia, ukraine, sanctions, europe

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