Russia’s transactions and business with other countries have fallen by 80% after the invasion of Ukraine

Russia’s financial transactions with “unfriendly” countries, including all members of the European Union, Britain, the United States and Canada, have fallen 80%, according to the head of the Federal Financial Supervisory Service, Yuri Chijanchin.

Financial transactions with hostile countries have fallen by about 80%, but it should be noted that the number of operations with countries of Southeast Asia, the Arab world and Central Asia and others continues, “he said during a meeting with the Russian president, Vladimir Putin.

“There are international flows, which means the economy is working” amid unprecedented Western sanctions against Russia over its military campaign in Ukraine, Chijanchin said.

According to this official, a number of countries are also trying to remove Russia from the Financial Action Task Force (FATF).combating money laundering and the financing of terrorism.

“I must say with regret that some countries tried to exclude Russia from the FATF,” he said, without naming any countries.

Chijanchin assured that Russia continues to deal with the exchange of financial information with about 70 countries and that there are more than a hundred open joint investigations.

This year alone, he said, more than 40 cases have been opened.

Putin commented with skepticism over the alleged attempt to exclude Russia from the FATF.

And how do they themselves then fight money laundering without our participation?

The latter:


EFE International news agency based in Madrid and present in more than 110 countries.

Roderick Gilbert

"Entrepreneur. Internet fanatic. Certified zombie scholar. Friendly troublemaker. Bacon expert."

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