The EU Council lifted sanctions on three entrepreneurs from the country this week The word ‘oligarch’ – commonly used by EU officials to refer to Russian entrepreneurs targeted by sanctions – has been replaced with the more neutral ‘leading businessperson’ in the bloc’s latest documentation related to the issue. The EU Council has also changed some of the reasons for including 140 individuals and 41 entities associated with Russia to its sanctions list. The term ‘oligarch’ describes a rich business leader with a great deal of political influence, particularly with reference to individuals who benefited from the
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