Sanctions on Russia ineffective, says Dubai trade-hub chief ...News

Western restrictions do not halt business but merely redirect it, the chairman of UAE’s main free-trade zone says Sanctions on Russia are having no impact outside the West and such efforts to hamper business simply redirect it elsewhere, the chair of Dubai’s main trading hub has said, in an interview with the Financial Times. The Dubai Multi Commodities Centre (DMCC) is a leading free-trade zone in the United Arab Emirates that hosts more than 24,000 businesses. DMCC chief Hamad Buamim told the FT on Wednesday that sanctions slow the economy, but never stop it. “Trade continues flowing, it just flows in a differen

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Sanctions on Russia ineffective, says Dubai trade-hub chief ...News

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