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Latvia Opposes French Bid to Lift EU Sanctions on Russian Tycoon

Source: Bloomberg

Sanctions & Export ControlsGeopolitics & WarElections & Domestic Politics

Latvia blocked a French-led effort to remove EU sanctions on two Russian billionaires, delaying agreement on extending the bloc's broader sanctions targeting individuals and companies supporting Moscow's war effort. The dispute creates near-term uncertainty around renewal of EU restrictive measures, though it does not indicate that the wider sanctions regime has been lifted.

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