Russia

Nabiullina says adding Moscow to FATF blacklist would be politically motivated

cde.news desk 21 June 2023, 13:00 · 1 min read

epa08200169 Head of the Russian Central Bank Elvira Nabiulina attends a press conference on monetary policy issues in Moscow, Russia, 07 February 2020. Russian Central Bank decided to cut the key rate by 25 bp to 6 percent per annum. EPA-EFE/MAXIM SHIPENKOV

MOSCOW, June 21 (Reuters) – The governor of Russia’s central bank Elvira Nabiullina said on Wednesday that there were no reasons for Russia to be added to the Financial Action Task Force (FATF) blacklist.

Speaking at a session of Russia’s upper house of parliament, Nabiullina said that adding Russia to the list would have negative consequences for Moscow, and that any such decision would be “politically motivated”.

The Paris-based FATF is a 39-member group of countries that works to combat money laundering and the financing of terrorism and weapons proliferation.

It lists countries as “high-risk” if they have “significant strategic deficiences” in countering these issues.

Photo – Head of the Russian Central Bank Elvira Nabiulina. EPA-EFE/MAXIM SHIPENKOV