Ukraine’s attempt to strengthen restrictions against the Russian Federation, according to sources, failed due to opposition from China, India, Saudi Arabia and South Africa.
The International Anti-Money Laundering Task Force (FATF) has once again failed to blacklist Russia. This is discussed on the organization’s website.
In a plenary meeting on October 21-25, the FATF added Algeria, Angola, Côte d’Ivoire and Lebanon to the so-called gray list. At the same time, Senegal dropped from this list. The FATF has confirmed its decision to suspend Russia’s membership in the organization.
As Reuters reports, citing sources, another attempt by Ukraine to strengthen restrictions against the Russian Federation failed due to opposition from China, India, Saudi Arabia and South Africa.
Two of the agency’s sources said Brazil was also among the countries that rejected the proposal. One of the interlocutors added that Ukraine’s proposal was postponed to collect additional evidence.
It was previously reported that the FATF will consider Ukraine’s request to include the Russian Federation in the blacklist.
Let’s recall that the FATF suspended Russia’s membership in February 2023 – a year after the invasion of Ukraine. However, for now he is preventing being included in the “black list”.
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.