Credit institutions of the United Arab Emirates (UAE) have tightened opportunities for Russian companies to open bank accounts due to the increased attention of supervisory authorities and pressure from Western countries. This was reported by Bloomberghe cites the results of a survey of local entrepreneurs.
The publication states, “The UAE is tightening control over Russian companies despite pressure from the United States.”
According to the agency, the United States has strengthened supervision of Arab banks to combat the circumvention of anti-Russian sanctions.
The article explains that the Emirates has also tightened controls on money transfers to Russia, which has led to an increase in the duration of such transactions. And some banks now require more supporting documentation and sometimes even block funds or request justification for transferring money.
It was previously known that there were Russians. stopped Being key buyers of real estate in Dubai.
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