Russia Urges India to Help Avoid Global Financial Blacklist

Russia is pressuring India to help avoid being blacklisted by the Financial Action Task Force (FATF) in June, warning that key energy and weapons deals would be at risk. If blacklisted, FATF members, banks, investment firms, and payment-processors must perform additional due diligence and could even enact countermeasures. Russia has also said that even being added on the FATF's "gray list" would still threaten deals. Russia has turned to other governments for similar support, while Ukraine has championed the blacklisting, but is not a member itself.