Close Menu
Times Network New Zealand
  • Home
  • Local News
  • World
  • Business
  • Lifetyle
  • Entertainment
  • Technology
  • Travel
  • Food
  • Editor’s Choice
  • Press Release
What's On
Spain versus Morocco: this is how the military forces of both countries stand in 2026

Spain versus Morocco: this is how the military forces of both countries stand in 2026

October 21, 2026
At least five killed and thousands evacuated as Storm Adam batters eastern Spain

At least five killed and thousands evacuated as Storm Adam batters eastern Spain

October 20, 2026
Israeli financial news outlet reveals €150 million warship deal with Cyprus

Israeli financial news outlet reveals €150 million warship deal with Cyprus

October 20, 2026
Ryanair CEO calls EU chief Ursula von der Leyen ‘useless’ and demands tax on US and Chinese airlines

Ryanair CEO calls EU chief Ursula von der Leyen ‘useless’ and demands tax on US and Chinese airlines

October 20, 2026
Inflation squeeze pushes Europeans onto the streets. Can the EU help?

Inflation squeeze pushes Europeans onto the streets. Can the EU help?

October 20, 2026
Facebook X (Twitter) Instagram
Web Stories
Facebook X (Twitter) Instagram
Times Network New Zealand
Subscribe
  • Home
  • Local News
  • World
  • Business
  • Lifetyle
  • Entertainment
  • Technology
  • Travel
  • Food
  • Editor’s Choice
  • Press Release
Times Network New Zealand
Home » Removing Usmanov from sanctions list risks making EU look weak – Lithuanian finance minister
World

Removing Usmanov from sanctions list risks making EU look weak – Lithuanian finance minister

By Press RoomSeptember 22, 20263 Mins Read
Removing Usmanov from sanctions list risks making EU look weak – Lithuanian finance minister
Share
Facebook Twitter LinkedIn Pinterest Email

Lithuania is “very sceptical” of removing Uzbek-Russian billionaire Alisher Usmanov from the latest sanctions list, the country’s finance minister, Taurimas Valys, said.

ADVERTISEMENT


ADVERTISEMENT

France requested to delist Usmanov from the blacklist last week as part of a package that could see two French nationals released from prison in Azerbaijan. The country cited national security concerns as its reason for joining Slovakia in calling for the removal, but French officials have refused to comment or provide further details.

“Regarding any loosening of sanctions, we’re very sceptical,” Valys said on Euronews’ interview programme 12 Minutes With.

The French position has complicated efforts to renew EU sanctions on Russia, which require ‌unanimous approval ⁠from all 27 member states. The latest package on the table covers almost 3,000 individuals and entities accused of supporting Russia’s full-scale invasion of Ukraine.

Vilnius argued that the timing is not right for alleviating pressure on Moscow. “The war is not over. We believe that any effort to minimise sanctions before we have a peace deal could be considered by Russia as our weakness.”

He also hinted at the fact that removing Usmanov could make Europe look divided in its support for Kyiv. The oligarch was sanctioned early on in Russia’s war against Ukraine over his “close ties” to Russian President Vladimir Putin and interests in “key sectors” of the Russian economy that provide “substantial” revenue to the state. He has denied these allegations.

“Russia should understand that we are united,” Valys said. “We see Ukraine as a part of our enlargement process. Any kind of effort to occupy more [land] or cause more damage to Ukraine is completely unacceptable.”

He added that, in fact, Lithuania supports slamming Russia with more sanctions.

However, despite most EU capitals falling in line with Vilnius’ stance on the removal of names from the sanctions list, the Irish presidency, which holds the rotating EU Council presidency, proposed a compromise to delist Usmanov as well as Mikhail Fridman, another Russian businessman.

In exchange for the removal of the oligarchs, the proposal foresees an unprecedented 36-month renewal of the sanctions regime to avoid a similar impasse in future, diplomats told Euronews. The proposal is being considered by EU diplomats in Brussels on Monday.

Urgency to break the deadlock around the sanctions is mounting, as the current short-term extension of the sanctions – EU envoys last week pushed back the expiry by seven days after failing to agree ‌on a six-month renewal – is due to expire on Tuesday if no agreement is reached.

Kyiv has also strongly condemned the push to delist Usmanov. President Volodymyr Zelenskyy and other Ukrainian officials have stated that lifting these restrictions would be an unacceptable concession.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Spain versus Morocco: this is how the military forces of both countries stand in 2026

Spain versus Morocco: this is how the military forces of both countries stand in 2026

At least five killed and thousands evacuated as Storm Adam batters eastern Spain

At least five killed and thousands evacuated as Storm Adam batters eastern Spain

Israeli financial news outlet reveals €150 million warship deal with Cyprus

Israeli financial news outlet reveals €150 million warship deal with Cyprus

Ryanair CEO calls EU chief Ursula von der Leyen ‘useless’ and demands tax on US and Chinese airlines

Ryanair CEO calls EU chief Ursula von der Leyen ‘useless’ and demands tax on US and Chinese airlines

Inflation squeeze pushes Europeans onto the streets. Can the EU help?

Inflation squeeze pushes Europeans onto the streets. Can the EU help?

Ukraine needs another €70 billion, but where will the EU find the money?

Ukraine needs another €70 billion, but where will the EU find the money?

Visegrad Four urge Brussels to ease Russian energy phase-out rules

Visegrad Four urge Brussels to ease Russian energy phase-out rules

French newspapers dissect weekend of unrest and rioting

French newspapers dissect weekend of unrest and rioting

France galvanised by shopkeepers and locals who fought back against rioters and looters

France galvanised by shopkeepers and locals who fought back against rioters and looters

Editors Picks
At least five killed and thousands evacuated as Storm Adam batters eastern Spain

At least five killed and thousands evacuated as Storm Adam batters eastern Spain

October 20, 2026
Israeli financial news outlet reveals €150 million warship deal with Cyprus

Israeli financial news outlet reveals €150 million warship deal with Cyprus

October 20, 2026
Ryanair CEO calls EU chief Ursula von der Leyen ‘useless’ and demands tax on US and Chinese airlines

Ryanair CEO calls EU chief Ursula von der Leyen ‘useless’ and demands tax on US and Chinese airlines

October 20, 2026
Inflation squeeze pushes Europeans onto the streets. Can the EU help?

Inflation squeeze pushes Europeans onto the streets. Can the EU help?

October 20, 2026
Latest News
Spain versus Morocco: this is how the military forces of both countries stand in 2026

Spain versus Morocco: this is how the military forces of both countries stand in 2026

October 21, 2026
At least five killed and thousands evacuated as Storm Adam batters eastern Spain

At least five killed and thousands evacuated as Storm Adam batters eastern Spain

October 20, 2026
Israeli financial news outlet reveals €150 million warship deal with Cyprus

Israeli financial news outlet reveals €150 million warship deal with Cyprus

October 20, 2026
Facebook X (Twitter) Pinterest TikTok Instagram
© 2026 Times Network New Zealand. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.