The EU is considering adding Russia to its “grey list” of countries with lax money laundering controls, as part of increased financial pressure on Moscow following its invasion of Ukraine. While a majority of European Parliament members support this move, a final decision has been postponed due to procedural reasons, with a new announcement expected next week. Inclusion on the list would necessitate extra due diligence from financial institutions, leading to higher costs, and could influence support for the broader grey list, which includes other nations like Algeria and Venezuela.
