Kremlin Warns Saudi, Turkey, UAE That Fresh Curbs on Finance Will Hit Trade - Bloomberg
Russia is ramping up a lobbying campaign to avoid new financial restrictions against money-laundering that may plunge its economy deeper into isolation over the war in Ukraine.
Moscow has approached more than half a dozen countries including Saudi Arabia, Turkey, Mexico and the United Arab Emirates in recent weeks to spell out the negative consequences for trade ties if the Financial Action Task Force imposes more restrictions this month.
Investments and cooperation in defense and energy projects would also suffer, according to documents seen by Bloomberg and accounts by officials in NATO countries familiar with the situation.
The Paris-based FATF, an inter-governmental organization that sets standards for combating dirty money, took the unprecedented step of suspending Russia from membership in February over its invasion of Ukraine. The government in Kyiv is now seeking to add Russia to the “black list” or “gray list” of states at the FATF’s June 19-23 meeting.
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