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Why the UAE is Becoming a Liability: The Case of Russian Sanctions Evasion

By Niall McCrae, Frank Millard, Jonathan Swift
eBook
$2.99
By Niall McCrae, Frank Millard, Jonathan Swift
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Russia is managing to bypass sanctions through clandestine routes in the United Arab Emirates.


Since sanctions were imposed following Vladimir Putin's territorial grab in Ukraine, the UAE has become a highly attractive investment opportunity for Russians. Dubai's financial centre has recruited Russian bankers for special units to manage money-rich Russians and their Rubles. Thousands of accounts have been opened for sanctions evaders since Russia invaded Ukraine. These actions are just a fe...

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