The European Union will not renew sanctions against three men targeted over Russia's war against Ukraine when the current punitive measures expire later this week.

The trio are Russian businessman Grigory Berezkin, billionaire Farkhad Akhmedov and the former head of Ozon , Russian e-commerce firm, Alexander Shulgin.

The EU needs unanimity of all the bloc's 27 member states to impose sanctions, which are renewed every six months. The next batch expires September 15.