Published by Global Banking & Finance Review®
Posted on January 29, 2026
1 min readLast updated: January 29, 2026
Add as preferred source on GoogleThe EU has blacklisted Russia for money laundering risks, increasing transaction costs with Russian banks, according to Kaja Kallas.
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 costs of transactions with Russian banks," Kallas told reporters.
(Reporting by Louise Rasmussen, editing by)
The main topic is the EU blacklisting Russia due to money laundering risks, as announced by Kaja Kallas.
The sanctions are expected to slow down and increase the costs of transactions with Russian banks.
The announcement was made by European Union foreign policy chief Kaja Kallas.
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