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The United Arab Emirates distances itself from Russia: banks clean up their customer base

United Arab Emirates
Financial institutions in the United Arab Emirates are restricting financial transactions or closing bank accounts of Russian companies to avoid falling under sanctions again
03 Aug 2025

United Arab Emirates

Banks in countries that support russia stop working with rubles because of the risk of being subject to US sanctions

United Arab Emirates
These are the UAE banks and the largest state-owned bank in Turkey
29 Aug 2024

United Arab Emirates

Despite the sanctions, russia continues to receive billions of dollars and euros in cash

United Arab Emirates
The cash was transported to russia from the UAE and Turkey, which have not imposed restrictions on trade with russia
12 Aug 2024

United Arab Emirates