EU Extends Sanctions Against Russia Following Delay From Hungary

The EU has agreed to remove four individuals from its sanctions list against Russia after a delay from Hungary, AFP and Reuters reported Friday, paving the way for the bloc to extend restrictions on more than 2,400 others for another six months.

Diplomatic sources told AFP that those set to have their asset freezes and visa bans lifted include businessmen Vladimir Rashevsky and Vyacheslav Kantor, Russian Sports Minister Mikhail Degtyarev and the sister of billionaire Alisher Usmanov.

Reuters, which also cited diplomatic sources, reported that Rashevsky was “removed due to a weak legal case rather than pressure from Budapest.”

The EU must renew two sets of sanctions on Russia every six months through a unanimous vote. Hungary, which shares relatively warm relations with Russia, has repeatedly used sanctions renewal votes as leverage to advance its interests.

“Our determination to support Ukraine is decisive,” European Commission President Ursula von der Leyen posted on X after the decision to extend sanctions on Russia.

On Thursday, the Financial Times reported that Hungary’s ambassador to the EU demanded the removal of Russian billionaire Mikhail Fridman from the bloc’s sanctions list before agreeing to extend sanctions over Russia’s war in Ukraine

However, Fridman was kept on the sanctions list despite pressure from Budapest.

Hungarian officials argued that renewing the sanctions, which also target Russian President Vladimir Putin and Foreign Minister Sergei Lavrov, could complicate ongoing peace negotiations between Ukraine, Russia and the United States.

The sanctions, set to expire on March 15, required unanimous approval from the EU’s 27 member states to be renewed.

Hungary’s latest standoff follows a similar last-minute hold-up in January over broader economic sanctions on Russia. Budapest ultimately relented after securing reassurances from Brussels that its concerns would be addressed.

AFP contributed reporting.

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia’s Prosecutor General’s Office has designated The Moscow Times as an “undesirable” organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a “foreign agent.”

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work “discredits the decisions of the Russian leadership.” We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It’s quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you’re defending open, independent journalism in the face of repression. Thank you for standing with us.

Continue