EU to lift sanctions on two Russian oligarchs

The European Union has decided to lift sanctions on two prominent Russian oligarchs, Mikhail Fridman and Alisher Usmanov, as part of a broader agreement to extend existing restrictions for another three years. This move indicates a temporary reprieve from punitive measures in exchange for maintaining certain curbs, reflecting a delicate balance between economic relations and geopolitical tensions. This decision could impact international trade and relations, highlighting the EU's efforts to navigate complex global dynamics while managing economic ties with Russia. For more details, visit the Financial Times article linked here.