Russian oligarch Mikhail Fridman, who is suing Luxembourg for €15 billion, is to remain on the EU’s sanctions list, the Luxemburger Wort has learnt. Despite pressure from Hungary, reported on Thursday,

European Union member states have agreed to extend sanctions against Russians, including several billionaires. Hungary and Luxembourg have dropped their demands to exclude Mikhail Fridman, Bloomberg reports.

Hungary’s ambassador to the EU has demanded the removal of Russian billionaire Mikhail Fridman from the bloc’s sanctions list before agreeing to extend sanctions over Russia’s war in Ukraine, the Financial Timesreported Thursday,