The Russian Federation financial watchdog, Rosfinmonitoring, has put Myanmar onto a blacklist, as the world body the Financial Action Task Force (FATF) recently did.

The announcement was posted on the Rosfinmonitoring website.

A political analyst said that Rosfinmonitoring’s blacklisting would not affect political relations between the Myanmar junta and Russia.

The junta is still planning to import fuel, oil and fertilizer from Russia and it is making arrangements to pay for the imports directly through Russian and Myanmar banks.

The FATF announced in October that it had blacklisted Myanmar for the country’s failure to follow the organisation’s recommendations on curbing and monitoring money laundering, financing terrorism and the free flow of illegally obtained money in the country.

Myanmar is only the third country to have been blacklisted by FATF. The other two blacklisted countries are North Korea and Iran.