Finance
EU has blacklisted Russia for risk of money laundering, Kallas says
Published by Global Banking and Finance Review
Posted on January 29, 2026
1 min readLast updated: January 29, 2026
Quick Summary
The EU has blacklisted Russia for money laundering risks, increasing transaction costs with Russian banks, according to Kaja Kallas.
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 about EU has blacklisted Russia for risk of money laundering, Kallas says
1What is the main topic?
The main topic is the EU blacklisting Russia due to money laundering risks, as announced by Kaja Kallas.
2What impact do the sanctions have?
The sanctions are expected to slow down and increase the costs of transactions with Russian banks.
3Who announced the EU's decision?
The announcement was made by European Union foreign policy chief Kaja Kallas.
