UAE grants license to Russian bank, raising US concern ...Kuwait

The New Arab - News
UAE grants license to Russian bank, raising US concern
The United Arab Emirates approved a license for Russia’s MTS Bank to operate in the country, according to information on the UAE central bank’s website.  The move risks heightening concerns that the Gulf state could become a financial haven for Russia as several Western states have imposed strict sanctions against Moscow over its invasion of Ukraine.  MTS Bank is a subsidiary of Russia's largest mobile operator Mobile TeleSystems. Granting Russia's MTS bank a license to operate in the #UAE directs even more financial flows from #Russia to the Emirates An integral part of the UAE's network centric statecraft to become a key hub among often competing nodes US treasur

Hence then, the article about uae grants license to russian bank raising us concern was published today ( ) and is available on The New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( UAE grants license to Russian bank, raising US concern )

Apple Storegoogle play

Last updated :

Also on site :



Latest News