Russia

Russia is increasing its lobbying efforts to evade new financial restrictions against money-laundering, which may isolate its economy further due to the ongoing war in Ukraine. Russia has reached out to several countries, including Saudi Arabia, Turkey, Mexico, and UAE, warning about trade consequences if the Financial Action Task Force (FATF) implements new restrictions. If added to FATF’s “black list” or “gray list,” Russia could face stringent financial scrutiny, impacting capital inflows.