- Russia is pressuring governments including India to block expected moves aimed at turning Russia into a financial pariah state over its invasion of Ukraine.
- The Financial Action Task Force suspended Russia from membership in February and Ukraine is pushing for the body to impose further restrictions by adding Moscow to its “black list” or “gray list.”.
- Blacklisting by the FATF would put Putin’s government in the same company as North Korea, Iran and Myanmar.
- Russia warned India of a cascade of unpredictable and negative consequences for cooperation in defense, energy and transportation if the FATF adopts new measures against Russia.
- Many countries in the so-called Global South including India have stayed mostly neutral over Russia’s aggression against Ukraine.
Russia Pushes India for Help to Avert Global Financial Isolation
The Financial Action Task Force suspended Russia’s membership over the invasion of Ukraine. Moscow is trying to avoid being blacklisted next month.
Alberto Nardelli
