German prosecutors say they will drop an investigation of Russian oligarch Alisher Usmanov, a close ally of President Vladimir Putin, over possible breaches of sanctions after he agreed to pay 10 million euros (about $11.8 million) to the authorities.
The Uzbekistan-born billionaire and metals magnate, who was reelected as the president of the International Fencing Federation last year, has been facing European Union sanctions imposed after Russia’s full-scale invasion of Ukraine in 2022.
