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Recital 7

Recital 7

(7)The Commission therefore concludes that Russia is to be identified as a high-risk third country and should be added to the Annex to Delegated Regulation (EU) 2016/1675. As Russia does not fit into any of the categories of high-risk third countries set out in the Annex to Delegated Regulation (EU) 2016/1675, a new category should be added to that Annex for high-risk third countries which are not identified as being subject to calls for action or increased monitoring by the FATF, but whose membership in that international standard-setter is suspended.

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