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Fridman Battles EU Sanctions Amid Hungary's Pro-Russian Push

3/14/2025

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Summary

Hungary Targets Fridman

Hungary's government, with its pro-Russian leanings, aimed to lift sanctions on several Russian oligarchs but zeroed in on Mikhail Fridman. Despite mounting pressure, Fridman remains under EU sanctions as the bloc readies to reinforce measures against Russia. His ongoing €15.8 billion legal struggle in Luxembourg underscores the intricate challenges of enforcing these sanctions.

Summary

EU Extends Sanctions

The European Union has reaffirmed its stance against Russian aggression in Ukraine by extending sanctions on more than 2,400 individuals and entities for another six months. Despite Hungary's initial resistance over certain names, the decision was finalized, emphasizing the EU's unwavering support for Ukraine through travel bans and asset freezes.

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Hungary Targets Fridman

Hungary's government, with its pro-Russian leanings, aimed to lift sanctions on several Russian oligarchs but zeroed in on Mikhail Fridman. Despite mounting pressure, Fridman remains under EU sanctions as the bloc readies to reinforce measures against Russia. His ongoing €15.8 billion legal struggle in Luxembourg underscores the intricate challenges of enforcing these sanctions.

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