The EU is struggling to implement unprecedented financial and commercial restrictions against Russia because of inadequate oversight, uneven enforcement and longstanding gaps in the bloc's defenses against illicit finance, senior officials told the European Parliament.
Global lenders must navigate substantive and technical differences in the blacklistings, licenses and other requirements that Western officials have implemented as part of far-reaching sanctions on politically-connected Russian billionaires over their nation's invasion of Ukraine.
The European Council blacklisted 217 individuals and 18 entities in response to Russia's war against Ukraine.
April 8, 2022