EU to Lift Sanctions on Russia-Linked Usmanov and Fridman

The European Union is preparing to lift sanctions on Russia-linked businessmen Alisher Usmanov and Mikhail Fridman, according to diplomatic sources. According to a Reuters report, diplomats close to the matter said the decision is expected to be made soon. The lifting of sanctions is interpreted as a signal of easing in the EU's sanctions regime against Russia. Usmanov and Fridman were previously added to various sanction lists due to Russia's actions in Ukraine. The reason for the decision has not yet been officially announced. Diplomats indicated that there may be legal or humanitarian grounds behind the decision, but declined to be named due to the sensitivity of the matter. EU sanctions decisions require unanimity among member states. In terms of market impact, the lifting of sanctions could ease restrictions on the assets of the businessmen in Europe. However, whether the decision will be finalized and its scope remain unclear. Not investment advice.