Minister of Finance of Ukraine Serhiy Marchenko appealed to 37 finance ministers of the International Group on Combating Dirty Money Laundering (FATF) and observers with a request to support the initiative to exclude the Russian Federation from the FATF and include it in the list of high-risk jurisdictions. As noted by the Ministry of Finance of Ukraine, the reason is Russia's gross violation of the general principles of the FATF, non-compliance with FATF standards and further impact on the security situation in Ukraine and the world..

“All recent actions clearly demonstrate that the Russian Federation is abusing its position as a member of the FATF, does not meet the standards of the organization and is not able to achieve the results of the FATF evaluation policy. In addition, it undermines global efforts to prevent the financing of terrorism, the proliferation of weapons of mass destruction and money laundering,” the Treasury said in a statement..

Excluding Russia from the FATF and further blacklisting it, according to Ukrainian officials, will also contribute to the global effort to stop Russian aggression against Ukraine..

The ministry assures that the FATF blacklist will prevent the Russian regime from evading international sanctions imposed on Russia due to its brutal invasion of Ukraine, due to the various loopholes that exist, because the FATF lists serve as important benchmarks for many companies and investors when they.

“Russia undermined the principles and standards of the FATF by using its financial and banking system to finance terrorist organizations. She supported Syria and North Korea - state sponsors of terrorism. She launched a barbaric attack on Ukraine using various organizations, including those recognized as terrorist by many civilized states.. Russia has also supported and allowed the proliferation of weapons of mass destruction to state sponsors of terrorism, creating huge risks for global peace and security,” Finance Minister Sergei Marchenko said..

He called on all FATF member and observer countries to support the rule of law and international order to support Ukraine's initiative and ensure that the FATF remains a powerful tool to prevent terrorist financing and money laundering in the world..

Comment ZN. U.A..

[quote type\u003d" Yes, investors will tighten up (if they haven't already), and individual banks will turn their noses and apply additional checks (which we hope they already do). But in fact, getting on the “black list” is like coming to a black tie party in pajamas: uncomfortable, but they may not be kicked out. The Russian Federation, by the way, was already on that list in the early 2000s and once survived. [/quote].