About 30% of Russian businesses received notifications of restricting financial transactions or closing bank accounts.
The United Arab Emirates financial institutions in July strengthened control over the activities of Russian companies. About 30 % of businesses from the Russian Federation have received notifications in restricting financial transactions or closing bank accounts. This was informed by Ukraine’s Foreign Intelligence Service on Sunday, August 3.
As mentioned, the main reasons for their closure are the disadvantage or until responding to the requests of banks, errors in the documents, the difference between the financial flow of expressed activity, the connection to countries from the “black list” of the FATF or to the people/structures under international penalties, etc.
The intelligence remembers that thorough checks began in February 2024 -after the UK imposing sanctions against companies from the UAE, which contributed to avoiding sanctions against the Russian Federation.
However, the situation obtains a high turn after the adoption of the 18th -pack of penalties in the EU, which in the first instance includes the emirate structures associated with Russia.
“UAE financial institutions do not want to re -join the” Color -List “of the FATF because of the Russian Federation, so they have shown their readiness to observe a global penalty regime,” the report explained.
Remember that 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.
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.