Hungary's Attempt to Lift EU Sanctions on Three Russian Oligarchs Fails, Media Reports

In a recent development, the European Union's Permanent Representatives have approved the extension of current sanctions against Russia and Belarus for another six months. This decision comes amidst Hungary's unsuccessful attempt to remove the names of three Russian oligarchs, specifically Alisher Usmanov, Vyacheslav Kantor, and Dmitry Mazepin, from the sanctions list.

According to Ricard Jozwiak, the Europe editor for Radio Free Europe/Radio Liberty, citing his sources, the EU ambassadors have also agreed to extend sanctions against over 1,900 Russian and Belarusian individuals and entities for an additional six months. This move underscores the EU's continued stance against those deemed to be contributing to or benefiting from the policies and actions that are undermining or threatening the territorial integrity, sovereignty, and independence of Ukraine.

The Hungarian proposal sought to exclude Alisher Usmanov, Vyacheslav Kantor, and Dmitry Mazepin Junior from the list of sanctioned Russian oligarchs. However, this bid was once again met with failure, highlighting the EU's firm position on maintaining pressure on key figures associated with the Russian and Belarusian regimes.

This decision follows a February ruling by the EU Court that the Russian-Uzbek metallurgical and telecommunications magnate Alisher Usmanov and former Russian Prime Minister Igor Shuvalov would remain on the EU's sanctions list. Furthermore, the EU ambassadors' consensus on endorsing the 13th package of sanctions against Russia, to be finalized before the second anniversary of Russia's invasion of Ukraine, indicates the bloc's commitment to leveraging economic measures as a response to the ongoing conflict.

The sanctions, initially imposed in response to Russia's annexation of Crimea in 2014 and its involvement in the conflict in Eastern Ukraine, have been progressively expanded in light of the country's continuous aggressive actions in Ukraine. The EU's sanctions regime against Russia and Belarus encompasses a wide range of measures, including asset freezes, travel bans, and restrictions on economic relations, aimed at curtailing the capabilities of those supporting or engaging in actions that threaten peace and stability in the region.

Hungary's repeated attempts to argue for the removal of certain individuals from the sanctions list reflect a nuanced stance within the EU, where national interests and perspectives on how to best address the challenges posed by Russia and Belarus can differ. However, the collective decision to extend the sanctions underscores a prevailing consensus among EU member states on the importance of maintaining a unified and strong response to aggression and violations of international law.

As the situation evolves, the EU continues to monitor developments closely and remains prepared to adjust its sanctions policy as necessary to achieve its objectives of upholding international law and supporting the sovereignty and territorial integrity of Ukraine. The extension of the sanctions and the ongoing dialogue within the EU on these matters signify the bloc's ongoing commitment to playing a central role in the international response to the crises in Ukraine and the broader region.