EU blacklisting Russia over money laundering, worsening pariah status

The European Union plans to add Russia to its list of countries with a high risk of money laundering and terrorist financing, Politico reported this week. Once official, the decision will exacerbate Russia’s international pariah status, jeopardizing investment and trade flows that emerged in response to Western sanctions against Moscow after the full-scale invasion of Ukraine. Meduza spoke with anti-corruption expert Ilya Shumanov to understand what Russia’s inclusion on the E.U.’s blacklist will mean for the Kremlin, Russian businesses, and ordinary citizens.