EU faces backlash for lifting Russian sanctions

The European Union faces criticism for lifting sanctions on Russian billionaires Alisher Usmanov and Mikhail Fridman. France pushed for the move linked to national security concerns. Other member states expressed concern over the decision.

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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.

The European Union lifted asset freezes and travel bans on two billionaires from Russia, sparking sharp criticism from member states during Wednesday's meetings. The decision reversed punitive measures on Alisher Usmanov and Mikhail Fridman following diplomatic pressure from France. Critics argue the rollback weakens the bloc's united front supporting Ukraine in its ongoing conflict.

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