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EU Sanctions Russia to Curb War Financing and Money Laundering

1/30/2026

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Summary

Story summary

The European Union has blacklisted Russia over money laundering risks, announced by EU High Representative Kaja Kallas.
The decision will complicate financial transactions with Russian banks and increase their costs.
Kaja Kallas emphasized the need for ongoing measures to limit financing for Russia's war against Ukraine.
The EU is pursuing a 90 billion euro loan to support Ukraine and preparing a 20th sanctions package against Russia.

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Story summary

The European Union has blacklisted Russia over money laundering risks, announced by EU High Representative Kaja Kallas.
The decision will complicate financial transactions with Russian banks and increase their costs.
Kaja Kallas emphasized the need for ongoing measures to limit financing for Russia's war against Ukraine.
The EU is pursuing a 90 billion euro loan to support Ukraine and preparing a 20th sanctions package against Russia.