EU Blacklists Russia for Money Laundering: Too Little, Too Late?
EU has blacklisted Russia for risk of money laundering, “This will slow down and increase the costs of transactions with Russian banks” Kallas says. Alright, so the EU has finally put Russia on a blacklist due to the risks of money laundering. Seems like a pretty significant move, and the stated goal is to slow down and increase the costs of financial transactions with Russian banks. Considering the ongoing situation, this action feels like a long time coming. It’s hard to ignore the sentiment that this should have happened sooner.
EU has blacklisted Russia for risk of money laundering, “This will slow down and increase the costs of transactions with Russian banks” Kallas says.… Continue reading
Matt Underwood