UAE Enforces Stricter Rules on Russian Firms in Clamp Down on Sanctions Evasion ...Middle East

The United Arab Emirates (UAE), which has become an attractive destination for Russian business after the invasion of Ukraine, has increased checks and enforced stricter banking rules on Russian companies amid rising U.S. pressure on the UAE to help clamp down on sanctions evasion. Russian companies, which initially enjoyed easy money transfers and business dealings in the UAE, especially in Dubai, are now facing tougher rules and the need for more documents and proofs, entrepreneurs and consultants have recently told Bloomberg.   The UAE…

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