Zelensky denounces EU talks to lift sanctions on Russian oligarchs
President Volodymyr Zelensky called the EU's move to consider easing sanctions on Russian billionaires immoral and self-destructive as the bloc struggles to renew the measures before the September 15 deadline.
On September 12, President Volodymyr Zelensky labeled the EU's consideration of easing sanctions on Russian oligarchs as immoral and self-destructive, urging the bloc to keep pressure on Russia's business sector. The sanctions, covering over 3,000 Russian entities and individuals, are set to expire on September 15 and require unanimous approval for renewal. Slovakia is blocking the extension by insisting that Mikhail Fridman and Alisher Usmanerv be removed from the list, and for the first time France has supported this demand, creating friction among member states.
Zelensky highlighted the ongoing Russian drone attacks and the need for Russian businesses to feel no safe haven while the war continues. Diplomats suggest the worst outcome would be a six-month extension rather than a full year, with another meeting scheduled for September 14. The president’s remarks came amid a surge of Shahed drone strikes across Ukraine.
Why it matters
The decision will affect how Europe curtails funding for Russia's war effort and impacts the assets of powerful Kremlin-linked businessmen.
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