EU Extends Russia Sanctions but Drops Two Oligarchs

The European Union has extended its sanctions on Russia but removed two Russian oligarchs, Alisher Usmanov and Mikhail Fridman, from the list. Lithuania, however, plans to impose national sanctions on the same oligarchs spared by the EU. The decision comes amid concerns about sanctions fatigue, as highlighted by EU Commissioner Valdis Dombrovskis. Meanwhile, Russia is cutting natural gas output and export forecasts, and wheat buyers are bracing for higher costs due to the ongoing war in Ukraine.