Russia — Country Risk Report

Russia (Europe • Eastern Europe). Risk report as of the 19 Jun 2026 FATF plenary.

High country risk, with elevated corruption risk. Russia's country risk score is 6.0/10, placing it in the high-risk band. The principal driver is weak corruption, alongside voice and accountability risk. Russia is not currently FATF grey- or black-listed. Russia is not subject to comprehensive country-wide sanctions. Firms should apply additional scrutiny where exposure involves state-linked entities, restricted sectors, sensitive technology, dual-use goods or politically exposed counterparties.

Recommended treatment

Enhanced due diligence.

At a glance

• FATF status: Not currently listed (one indicator only; it does not set the overall country risk rating by itself)
• Comprehensive country sanctions: none identified. Targeted sanctions exposure: programmes in place, screen applicable lists
• Government effectiveness and rule of law: 6.1/10
• Corruption (CPI 2025): 22/100, rank #157 of 182
• Enforcement data: not yet assessed (no RegActions coverage)

Country Risk Score: 6.0/10 (High)

Higher score means higher country risk (global average 4.6). Full information available. Some evidence is older. Enforcement activity and CPI are shown for context but do not change the score.

All three parts of the score are available.

How this score was calculated

• Financial crime controls: 3.9/10 — 50% of this score
• Government effectiveness and rule of law: 6.1/10 — 30% of this score
• International sanctions: 6.2/10 — 20% of this score
• The FATF assessment is more than five years old.
• sector-wide international sanctions means the score cannot be lower than 6.0. This minimum set the final score.

Principal risk drivers

• Sectoral sanctions exposure
• Corruption (WGI) — 7.0/10
• Voice & accountability — 6.8/10
• Rule of law & institutions — 6.0/10
• Political stability — 5.0/10

Mitigating factors

• Not currently on the FATF grey or black list.
• No comprehensive country-wide sanctions programme.
• Risk is concentrated in specific counterparties, sectors and transactions rather than applying uniformly.

Business impact

• Customer onboarding (High): Additional ownership and control verification may be required.
• Payments and transactions (High): Review transaction purpose, counterparties and geographic routing.
• Trade and export activity (High): Screen goods, end users and potential dual-use exposure.
• Corporate clients (High): Assess state ownership, government links and political exposure.
• Ongoing monitoring (High): Apply alerts for ownership changes, sanctions and geopolitical developments.

Recommended controls

• Verify ultimate beneficial ownership using more than one reliable source.
• Identify state ownership, government influence and politically exposed persons.
• Screen entities, directors and beneficial owners against applicable sanctions lists.
• Apply enhanced review to technology, defence, telecommunications, financial services and dual-use activity.
• Document transaction purpose and source of funds where cross-border structures are complex.
• Escalate unresolved ownership opacity or adverse information to Compliance.

Enhanced due diligence triggers

• State ownership / control
• PEP involvement
• Sensitive / restricted sectors
• Opaque ownership
• Adverse media
• Dual-use goods & technology
• High-risk intermediary routing

FATF status: Not currently listed

Russia is not on the FATF grey or black list as of the 19 Jun 2026 plenary.

Sanctions: Sectoral

• EU — sectoral: Restrictive measures in view of Russia's actions destabilising the situation in Ukraine (sectoral restrictive measures) (source)
• EU — targeted: Restrictive measures in view of Russia's destabilising activities (source)
• EU — sectoral: Restrictive measures in view of the situation in Russia (source)
• OFAC — sectoral: Russia-related Sanctions (source)
• OFAC — sectoral: Russian Harmful Foreign Activities Sanctions (source)
• OFAC — sectoral: Ukraine-/Russia-related Sanctions (source)
• UK — sectoral: Russia sanctions (source)

Source details

International sanctions by issuing body

• UN: No
• EU: Yes (Sectoral)
• UK: Yes (Sectoral)
• US: Yes (Sectoral)

No means the complete UN, UK, EU and US review found no direct country-level programme. People or organisations may still appear on sanctions lists.

Government effectiveness and rule of law (World Bank 2024, percentile)

• Government Effectiveness: 45/100
• Regulatory Quality: 38/100
• Rule of Law: 37/100

Regulators and legal framework

FATF network

FATF member (membership suspended).

• Eurasian Group on Combating Money Laundering and Financing of Terrorism

Last mutual evaluation: 2019 · report

National regulators

Regulator profiles not yet available on RegActions.

FIU: Egmont Group member (Rosfinmonitoring) · suspended since Oct 2023

Framework signals

• FATF listing: Not currently listed
• International sanctions: sectoral exposure
• EU tax list: Listed (Annex I)
• Corruption (CPI 2025): 22/100, rank #157 of 182
• Rule of law (WGI): 6.0/10 risk

Sector exposure

• Banking & payments (Elevated): Weak rule-of-law governance (WGI 6.0/10 risk)
• Trade & export controls (High): Sectoral sanctions: Restrictive measures in view of Russia's actions destabilising the situation in Ukraine (sectoral restrictive measures)
• Crypto & virtual assets (Elevated): Weak accountability governance (WGI 6.8/10 risk)
• Real estate & luxury assets (High): Severe corruption exposure (CPI 22/100) drives laundering risk
• State-linked & procurement (High): High state-capture risk (corruption WGI 7.0/10)

Derived from sanctions tier, FATF listing, World Bank WGI governance and CPI; no per-sector dataset is asserted.

Russia: analysis

Russia's profile combines a severely weak governance picture with a broad sectoral sanctions regime. The weakest governance domains are corruption (35% weight) and voice and accountability (10% weight), both in the severely elevated range. Rule of law and institutions (40% weight) and political stability (15% weight) similarly reflect a deeply compromised institutional environment. Russia sits below the global median on the World Bank governance indicators. The CPI reading independently corroborates the picture. Sectoral sanctions are in place from three major jurisdictions: OFAC's Russian Harmful Foreign Activities programme, EU restrictive measures, and UK Russia (Sanctions) Regulations. Russia is not on the FATF grey or black list, but that does not diminish the material compliance burden arising from its governance and sanctions profile.

Outlook

Russia's risk profile is unlikely to improve in the near to medium term. The sectoral sanctions regime is embedded across major Western jurisdictions and is subject to periodic expansion. Governance indicators across all four domains show no structural improvement trajectory. Firms should apply the most stringent due diligence and enhanced monitoring to any exposure involving Russian counterparties, entities, or funds, and maintain close watch on sanctions developments from OFAC, the EU, and the UK.

Key watchpoints

• Amendments or expansions to OFAC, EU, and UK sectoral sanctions programmes, including new designation lists and sector-specific restrictions.
• Any change to FATF listing status, which currently does not reflect a listing despite the governance profile.
• Beneficial ownership and control risks, particularly through complex structures designed to obscure Russian beneficial interests.
• Secondary sanctions exposure for firms in third-country jurisdictions maintaining dealings with sanctioned Russian entities.

Assessment currency

• FATF status: Not listed (as of 19 Jun 2026)
• Sanctions exposure: Targeted programmes in place (as of Jul 2026)
• Governance (WGI): Latest dataset incorporated (as of 2024)
• Corruption (CPI): 22/100 (as of 2025)
• RegActions assessment: Reviewed (as of 19 Jun 2026)

Public evidence layer

FATF action: none. No FATF call-for-action or increased-monitoring status was identified at the latest plenary. This does not establish low risk.

Contextual signals (not scored)

• FATF network membership: Direct FATF membership suspended (suspended, as of 2026-07)
• EU non-cooperative tax jurisdictions: Listed in Annex I (present, as of 2026-02-17)
• Egmont Group FIU: Rosfinmonitoring (membership suspended) (suspended, as of 2026-07-17)
• Beneficial-ownership register: No live register identified in the source (unavailable, as of 2026-07-17)
• Transparency International CPI: 22/100, rank 157 (present, as of 2025)

Evidence freshness

• FATF monitored-jurisdiction status: current; data 2026-06-19
• FATF mutual evaluation and follow-up ratings: current; data 2026-07-31; follow-up 2024-02; base assessment 2019-12
• World Bank governance indicators: current; data 2024
• UN, UK, EU and US sanctions regimes: current; data 2026-08-13

Contextual signals are public evidence only and do not change the immutable v2 score.

Download evidence PDF · CSV · JSON

Regional peer scores

• Belarus: 6.0/10 (High)
• Bosnia and Herzegovina: 6.0/10 (High)
• Bulgaria: 6.0/10 (High)
• Monaco: 6.0/10 (High)
• Montenegro: 6.0/10 (High)
• Serbia: 6.0/10 (High)

Source: FATF black & grey lists · World Bank WGI (CC BY 4.0 — World Bank WGI) · TI CPI (CC BY-ND 4.0 — Transparency International, display only)