The European Commission has added Russia to its list of “high-risk” countries, citing significant shortcomings in the nation’s anti-money laundering and counter-terrorist financing frameworks.
The move follows a technical assessment based on publicly available information, input from EU member states, and reports from the European External Action Service. The commission said the evaluation confirmed Russia meets the criteria for designation as a high-risk third country.
EU Economy Commissioner Valdis Dombrovskis described the step as crucial for protecting the integrity of the EU financial system. “This ensures EU financial and non-financial operators apply stricter checks when dealing with Russian entities,” he said in a post on X.
Under the new designation, EU institutions and companies subject to anti-money laundering rules must exercise enhanced vigilance in transactions involving Russia.
The delegated regulation will come into force following review by the European Parliament and European Council within one month, with a possible one-month extension.
Russia has not yet responded to the announcement.
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The U.S. has revoked visas and imposed restrictions on certain Mexican nationals linked to “knowingly facilitating illegal immigration,” the State Department announced on Wednesday.
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he UN General Assembly adopted a resolution on Wednesday calling on Russia to immediately return all Ukrainian children who have been “forcibly transferred or deported,” describing the actions as a breach of international law.
Firefighters in San Bernardino County responded on Wednesday to reports of an F-16 fighter jet crash in China Lake, California.
The U.S. has revoked visas and imposed restrictions on certain Mexican nationals linked to “knowingly facilitating illegal immigration,” the State Department announced on Wednesday.
U.S. President Donald Trump on Wednesday said that phase two of his Gaza plan is “going to happen pretty soon,” but did not provide a specific timeline.
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