EU states have rejected a European Commission proposal to blacklist Saudi Arabia and four US territories on money laundering and terrorist financing grounds.
All 28 member countries' ambassadors blocked the move at a meeting in Brussels on Wednesday (6 March) in an unusual step, an EU source said.
The veto is to be formalised by EU justice and home affairs ministers on Thursday, forcing the commission to submit a new proposal later down the line.
The commission had called ...
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