Russia Pushes India to Help Avert Financial Isolation

The video discusses the Financial Action Task Force (FATF) and its role in setting standards for identifying money laundering. Russia's membership in FATF was suspended, and it faces potential blacklisting, which could further isolate its economy. Russia is urging its commercial partners, like India, to oppose further FATF actions. The video explores the pressure Russia is putting on India and the potential impact on their trade relations, especially in oil and defense sectors. It also highlights efforts to establish a non-dollar payment mechanism between the two countries.

What is the role of the Financial Action Task Force (FATF) in relation to money laundering?

How has Russia's membership status with the FATF changed recently?

What actions is Russia taking to influence India regarding FATF's decisions?

What potential impacts could arise from Russia being blacklisted or graylisted by the FATF?

How has the war in Ukraine affected India's oil trade with Russia?