Moscow: Ukraine‘s plan to include Russia in the FATF blacklist has once again failed. Ukraine, with the help of its Western friends, tried to include Russia in the international sanctions list over money laundering related policies. This attempt has been foiled by many countries including India, China, Saudi Arabia and Africa. These countries supported Russia and rejected Ukraine’s demand for sanctions.
Brazil also opposed the Ukrainian proposal
Brazil was also among the group that rejected the proposal, two sources familiar with the discussions this week at FATF, the international financial crime watchdog in Paris, said. Ukraine’s motion to expel Russia has been postponed to gather more evidence, a source said. FATF member countries include Britain, France, Germany, United States and many other major economies of the world.
West kept silence on resolution against Russia
Western countries have refused to comment on the failure of the proposal to impose sanctions on Russia. At the same time, FATF said that after its full discussion ended on Friday, it had to update its “grey” and “black list” countries. The FATF suspended Russia’s membership last year, saying Moscow’s war in Ukraine violates the organization’s principles.
What allegations did Ukraine make against Russia?
The Ukrainian government has argued that Russia poses a threat to the international financial system. It also said that Russia has close ties with FATF blacklisted countries Iran and North Korea. Ukraine’s arguments also include that Russia has been repeatedly engaging in war crimes on their soil over the past three years. Its proposal also mentions the arrest warrant issued by the International Criminal Court against Russian President Vladimir Putin.