Fridman

business

Mikhail Fridman, a Russian businessman and co-founded of Alfa Group, was excluded from the European Union's sanctions list in September 2023, alongside Alisher Usmanov and Andrei Falaleev. Despite this, Lithuania imposed a five-year ban on his entry and froze his assets under national sanctions, citing that the reasons for the original restrictions remain unresolved. Bloomberg reported that Fridman still faces significant barriers to accessing his Luxembourg-based assets due to ongoing sanctions from the UK and the US, as well as legal and structural hurdles.

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