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 European Union 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.
Three people, including a security guard, have been killed in a shooting at the Islamic Centre of San Diego, authorities confirmed on Tuesday. Poli...
The World Urban Forum (WUF13) continues in Baku, Azerbaijan on 18 May, addressing the global housing crisis. The day’s agenda includes the of...
U.S. President Donald Trump said on Monday he had paused a planned attack on Iran after appeals from the leaders of Qatar, Saudi Arabia and the Uni...
At least four people have been killed in protests across Kenya over sharp fuel price rises, as a nationwide transport strike brought parts of the c...
Pakistan has deployed around 8,000 troops, fighter jets and air defence systems to Saudi Arabia under a mutual defence agreement, according to secu...
Pakistan has deployed around 8,000 troops, fighter jets and air defence systems to Saudi Arabia under a mutual defence agreement, according to security officials and government sources familiar with the arrangement.
Global leaders gathered in Baku this week for the 13th session of the World Urban Forum, where heads of state and senior officials warned that rapid urban growth is placing increasing pressure on housing, infrastructure and climate resilience.
The thirteenth session of the World Urban Forum (WUF13) has opened in Baku, bringing together governments, international organisations, city leaders and civil society to address mounting global urban challenges.
Kazakhstan, Uzbekistan and Tajikistan are negotiating summer water allocations as rising temperatures, agricultural demand and pressure on shared rivers intensify water security concerns across Central Asia.
Bulgaria has won the Eurovision Song Contest for the first time, taking victory in a final overshadowed by a boycott over Israel’s participation and the war in Gaza.
The World Urban Forum (WUF13) continues in Baku, Azerbaijan on 18 May, addressing the global housing crisis. The day’s agenda includes the official opening press conference, the WUF13 Urban Expo opening and a ministerial dialogue on the Nairobi Declaration to advance Africa's urban agenda.
U.S. President Donald Trump said on Monday he had paused a planned attack on Iran after appeals from the leaders of Qatar, Saudi Arabia and the United Arab Emirates, allowing negotiations to continue over a possible deal to end the conflict.
U.S. President Donald Trump says China's Xi Jinping agreed Iran must reopen the Strait of Hormuz, as Tehran prepares a new shipping mechanism. Tensions over the U.S. blockade and stalled nuclear talks continue to disrupt global oil supplies.
A 5.2 magnitude earthquake struck China’s Guangxi region early on Monday, killing two people and forcing more than 7,000 residents in Liuzhou to evacuate as rescue efforts continued.
Three people, including a security guard, have been killed in a shooting at the Islamic Centre of San Diego, authorities confirmed on Tuesday. Police said the attack took place at the centre in the Clairemont area, the largest mosque in San Diego County.
At least four people have been killed in protests across Kenya over sharp fuel price rises, as a nationwide transport strike brought parts of the country to a standstill.
Gunmen killed at least 10 people, including women and children, in an attack on a rural community in Nigeria’s northwestern Katsina State, residents said.
Russian President Vladimir Putin’s upcoming visit to China is expected to focus on strengthening bilateral ties, particularly through expanded trade and economic cooperation.
Israeli military strikes across Gaza killed at least eight Palestinians on Sunday, according to local health officials, as the Israel Defense Forces intensified operations targeting Hamas commanders and infrastructure across the enclave.
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