The EU has officially added Russia to its “blacklist” of countries with a high risk of money laundering and terrorist financing . As EU High Representative for Foreign Affairs and Security Policy Kaja Kallas announced at a press conference , this decision will complicate transactions with Russian banks. “The EU today blacklisted Russia due to money laundering risks. The EU’s inclusion of Russia in the list of countries with a high risk of money laundering requires enhanced control by all EU banks over any financial transactions related to Russia. EU sanctions against RussiaThe EU’s intention to add Russia to its list of countries with a high risk of money laundering and terrorist financing became known in early December .