Finance

EU has blacklisted Russia for risk of money laundering, Kallas says

Published by Global Banking & Finance Review

Posted on January 29, 2026

1 min read

· Last updated: January 29, 2026

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EU has blacklisted Russia for risk of money laundering, Kallas says
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PARIS, Jan 29 (Reuters) - The European Union blacklisted Russia on Thursday for risk of money laundering, European Union foreign policy chief Kaja Kallas said. "This will slow down and increase the

EU Places Russia on Money Laundering Blacklist, Says Kaja Kallas

Impact of EU's Blacklist on Russian Banking

PARIS, Jan 29 (Reuters) - The European Union blacklisted Russia on Thursday for risk of money laundering, European Union foreign policy chief Kaja Kallas said.

Consequences for Transactions

"This will slow down and increase the costs of transactions with Russian banks," Kallas told reporters.

Statements from EU Officials

(Reporting by Louise Rasmussen, editing by)

Key Takeaways

  • EU blacklists Russia for money laundering risks.
  • Kaja Kallas announces increased transaction costs.
  • Sanctions affect Russian banking operations.
  • Financial experts react to EU's decision.
  • Potential global impact on financial transactions.

Frequently Asked Questions

What is the main topic?
The main topic is the EU blacklisting Russia due to money laundering risks, as announced by Kaja Kallas.
What impact do the sanctions have?
The sanctions are expected to slow down and increase the costs of transactions with Russian banks.
Who announced the EU's decision?
The announcement was made by European Union foreign policy chief Kaja Kallas.

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