Not only companies under penalties, but also those working with counterparts included in the “black list” of the USA, the European Union and the UK are blocking.
In the United Arab Emirates, banks have strengthened control over the payments of Russian companies, and began to close their accounts widely. On Friday, August 1, the Moscow Times reported.
According to the publication, in recent months, UAE banks have launched a “cleaning” of companies from Russia, the number of which in the country exceeds 4000.
According to lawyers and representatives of consulting companies, from 20% to 30% of Russian companies in the UAE are faced with inspections, restrictions on operations or direct closing accounts.
They may be closed even if the client does not answer the bank call, or the letter is not sent within the specified time. Moreover, banks have strict requirements. Sometimes they demand and ensure up to 20 documents within a day.
The reason for this method is due to the fact that in the UAE they are seeking to identify customers whose activities are poorly connected to the country or have nothing to do with it.
Lawyers also said that banks are monitoring compliance with penalties. Thus, accounts are closed not only by companies under penalties, but also those working with counterparts listed on the “black list” of the USA, the European Union and the UK.
According to the publication, after the outbreak of the war, the UAE became a major hub for similar import and financial relationship between Russia to the outside world.
Earlier it was reported that Indian state refinery had stopped importing Russia’s oil after US President Donald Trump’s statements, who threatened the country of tariffs and fines for cooperation with Russia.
Senator Greelam appreciates Kremlin’s “immunity”
News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.