04.12.2025 09:50
The European Commission classified Russia as a high-risk country, citing alleged strategic deficiencies in frameworks for combating money laundering and the financing of terrorism.
The European Commission announced that Russia has been added to the list of high-risk jurisdictions in order to strengthen international efforts against financial crimes.
"RUSSIA MEETS HIGH-RISK THIRD COUNTRY CRITERIA"
The statement indicated that the European Commission conducted a technical assessment by combining data from public sources, competent authorities of member states, and the European External Action Service (EEAS), concluding that "Russia meets the criteria for being defined as a high-risk third country."
MONEY LAUNDERING AND TERRORISM FINANCING
The statement highlighted that Russia was added to the blacklist due to deficiencies in its frameworks for combating money laundering and terrorism financing, noting that financial institutions will need to exercise greater caution and comply with due diligence obligations in all transactions related to Russia.