EU Proposes Sanctions on Some of Russia’s Wealthiest Tycoons
- Bloc is also considering penalties on state company executives
- Potential action follows Russian invasion of Ukraine last week
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The European Union is discussing sanctioning some of Russia’s wealthiest tycoons as well as top officials in state companies and media in a further ratcheting up of its penalties for Moscow’s invasion of Ukraine, according to documents seen by Bloomberg.
The list, which still needs to be approved by European governments and could change before that happens, includes a handful of billionaires who haven’t yet been hit by sanctions in the U.S.: metals tycoon Alisher Usmanov, Alfa Group owners Mikhail Fridman and Petr Aven, plus Alexei Mordashov, who controls a major steel company.