Russia War in Ukraine – Action taken against Russia regarding war in Ukraine, now FATF suspends membership

Paris. The Financial Action Task Force (FATF), the global financial crime watchdog, said Friday that Russia’s attack on Ukraine was not acceptable. This is contrary to the fundamental principles of the institution, which seek to promote the safety, security and integrity of the global financial system. Suspension of the country’s membership for the “unlawful and unprovoked” military attack by Russia. This information was given in an official statement after the year-long Russian-Ukrainian war.

In a statement issued after the FATF session held in Paris, it was said that the FATF expresses its deep sympathy for the Ukrainian people. These people have been suffering from Russia’s ferocious attack for a year. The global body that monitors terrorist financing has said it strongly condemns Russia’s offensive against Ukraine. The statement said Russia’s “barbaric and humanitarian attacks” have intensified over the past year and have targeted critical public infrastructure.

America imposes sanctions again, bans Russian banks, dealers and companies
Here, America announced to impose new sanctions on Russian banks, companies and citizens. Russia’s metals and mining sector has also been targeted in “the most significant sanctions action ever taken” by the US Treasury Department, according to a statement. This restrictive measure was taken in coordination with the allied countries of the G-7. For this reason, sanctions were imposed on approximately 250 individuals, companies and arms dealers.

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Tags: moscow news, Russia, russia ukraine war