
The European Union has reached a political agreement on extending sanctions against Russia, maintaining restrictions on nearly 3,000 people and entities but agreeing to remove some oligarchs from the sanctions list after resistance from Latvia, which wanted to show its opposition to weakening the measures.
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Sanctions against people and entities associated with Russia have so far been extended every six months, requiring renewed negotiations and carrying the risk of blockade by individual EU member states.
In return, sanctions were maintained against nearly three thousand other people and entities. Until now, they have been extended every six months, which each time has meant difficult negotiations and the risk of a blockade. So now there will be more stability. However, the compromise means weakening the sanctions list. Just yesterday, Kiev appealed not to break it up, as it would be a bad signal for Russia.
Latvia blocked the agreement until the last moment. Riga did not want to agree to remove the oligarchs from the list. However, her intention was not to actually block the sanctions themselves, but rather to feign opposition to their weakening. In principle, however, no one believed that Latvia would actually block them, so the compromise that had been on the table since yesterday did not change.
It also means that the EU has avoided a situation in which it could not extend sanctions against thousands of other persons and entities because of two names. The written procedure is valid until 8 p.m. - if no one raises any objections, the political agreement has been finally reached.

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