Politico: EU To Put Russia On Financial Blacklist
- 1,902
Details.
The European Union has decided to add Russia to the list of countries with a high risk of money laundering and terrorist financing. This was reported by Politico on Wednesday, December 3, citing two officials and a draft of the relevant decision on Russia at its disposal.
There is no official confirmation of this information yet.
The publication further notes that the inclusion in the financial blacklist entails a significant tightening of control over financial transactions of organizations and individuals from Russia, in particular, it will oblige financial institutions to strengthen due diligence of all transactions. The EU decision will force banks to take additional measures to reduce risks, Politico points out.
In June 2025, the media wrote about the EU's intention to include Russia in the gray list of countries violating money laundering bans.
The European Parliament has repeatedly urged the European Commission to take such a step. In particular, the issue was discussed in November 2024. MEPs said that Moscow finances the war against Ukraine through corrupt schemes to circumvent international sanctions. In addition, in their opinion, the country records a high level of corruption and organized crime closely intertwined with state structures. The European Commission has pledged to complete the audit by the end of 2025.
In the meantime, Russia is still not included in the international financial blacklist compiled by the Financial Action Task Force (FATF). The black and gray lists of countries are made by this organization of states that violate standards on combating money laundering and countering the financing of terrorism.
Russia became a member of FATF in 2003, but in 2023 its membership was suspended due to the war against Ukraine. Since then, Kiev has twice tried to get Russia added to the FATF blacklist, arguing that the Russian Federation poses a threat to the global financial system and maintains close ties with North Korea and Iran, already on the organization's list. But both times this decision was opposed by several influential FATF member countries, in particular India, China, Saudi Arabia and South Africa.
Bank's name: Bank Millennium S.A.
Address: ul. Stanislawa Zaryna, 2A, 02-593, Warszawa
IBAN: PL97116022020000000216711123
SWIFT: BIGBPLPW
Name of the account holder: Fundacja “KARTA ‘97”
Purpose/title of payment: Donation for statuary aims
You can contact us by the e-mail charter97@gmail.com
