EU renews Russia sanctions, drops Russian billionaires Usmanov and Fridman


FILE PHOTO: Russian businessman and founder of USM Holdings Alisher Usmanov attends a session during the Week of Russian Business, organized by the Russian Union of Industrialists and Entrepreneurs (RSPP), in Moscow, Russia, March 16, 2017. REUTERS/Sergei Karpukhin/File Photo

BRUSSELS, Sept ⁠22 (Reuters) - EU envoys agreed to ⁠drop two billionaires from its ‌Russian sanctions list and to rollover the remaining 3,000 individuals and entities for three ​years, EU diplomats ⁠said on Tuesday.

EU ⁠envoyshad earlier agreed to remove the ⁠Russian billionaires ‌Alisher Usmanov and Mikhail Fridmanin exchange for ⁠a three-year renewal but Latvia was ​the last ‌hold-out in an unusually fraught ⁠process.

Sanctions require ​unanimity among EU countries to be approved and previously, Russia ⁠designations were up for renewal ​every six months.

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 ​has launched a $16 ‌billion claim against the ​country.

(Reporting by Julia Payne, Editing by Charlotte Van Campenhout)

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