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Global South · Progressive

Oligarch Sanctions: A Chilling Echo of Unequal Justice

The EU's quiet removal of Russian billionaires from sanctions lists speaks volumes about who truly pays the price for global conflicts.

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Photo: son jj / Unsplash
By Kwame Osei · Progressive·Wednesday, September 23, 2026 at 3:02 AM·Edited by Vivienne Marchand

The news came quietly, almost an aside amidst the cacophony of global headlines: the European Union, after years of loudly proclaiming its stand against Russian aggression, has begun to quietly remove prominent oligarchs from its sanctions lists. Alisher Usmanov and Mikhail Fridman, names synonymous with immense wealth and deep ties to the Kremlin, are among those finding themselves unburdened by restrictions. Ukraine, understandably, is incensed, calling it the "wrong signal" to Moscow. But for those of us who watch the Global South, this isn't just a signal; it's a stark, familiar echo.

When we speak of sanctions, especially in the context of geopolitical power plays, it's crucial to ask: who truly feels the squeeze? In theory, they target the powerful, the architects of conflict, the financiers of war. In practice, however, the burden often falls disproportionately on the most vulnerable. We've seen this in Cuba, in Iran, in Venezuela – ordinary people struggling for food, medicine, and basic dignity while the sanctioned elite often find loopholes or ride out the storm in comfort. Here, with Russian oligarchs, the narrative was supposed to be different. This was meant to be the West taking a moral stand, demonstrating that complicity with aggression would carry a personal cost for those who profit from it.

But what does it say when that personal cost begins to feel negotiable, particularly for those with the resources to mount complex legal challenges? The arguments from the EU courts about insufficient evidence for continued listings, while legally intricate, leave a bitter taste. It suggests that while the political will to impose sanctions can be swift and decisive, the commitment to upholding them against well-resourced legal teams can waver. This isn’t a critique of due process, but rather an observation of how the scales of justice often tip when immense wealth is involved, even in the face of what appears to be clear moral wrongdoing.

Think of the communities in the Global South grappling with the fallout of this very war. The skyrocketing food prices, the disrupted supply chains, the inflationary pressures – these are direct consequences, often exacerbated by the broader geopolitical instability sanctions are meant to address. They don't have the luxury of legal teams to argue their case before a European court. Their 'sanction' is the crushing weight of a global economy that too often sacrifices their stability for the maneuvering of wealthier nations. Yet, we rarely hear calls to lift the "sanctions" of poverty, climate debt, or extractive exploitation that have crippled them for generations.

The initial imposition of sanctions on oligarchs was framed as a righteous blow against Putin's war machine. It was a promise that those who benefit from state power, from the extraction of national resources, would be held accountable. Now, as some of these individuals begin to slip through the net, it undermines the very principle of accountability. It sends a message, intended or not, that there are limits to how far justice will reach when vast fortunes are at stake. It makes one wonder if some financial interests, some interconnectedness within the global capitalist system, are simply too big to sanction indefinitely.

Kwame Nkrumah once warned us about neo-colonialism – the idea that even after flag independence, economic and political control could persist through different means. While Russia is no former colony, the principle resonates. The rich and powerful, regardless of their nationality, often find ways to insulate themselves from the consequences of their actions, while the vast majority – especially in less powerful nations – bear the brunt. When the world focuses intently on one conflict, it’s easy to lose sight of the deeper, systemic injustices that continue to unfold daily.

This isn't to say sanctions are never useful, but their application and enforcement deserve far greater scrutiny, particularly when the powerful are involved. If we are truly committed to a world where international law and moral principles hold sway, then the consequences for aggression must be applied consistently and without prejudice, especially to those who have the most to lose – or, rather, the least to lose, given their immense wealth. Otherwise, we are left with a system that punishes the powerless and grants quiet reprieves to the powerful, further eroding faith in global governance and reinforcing the bitter truth that justice, too often, remains a luxury.