2 months ago innews

UAE banks halt transactions for Russian companies amid U.S. pressure

Russian businesses face increased payment scrutiny as UAE banks are now blocking and delaying transactions linked to Russian companies amidst a fresh wave of U.S. sanctions. These new restrictions add to the immense challenges the Russian economy faces due to Western-imposed sanctions, tightening the financial noose as overseas anti-sanction "hubs" fall apart under the threat of secondary …
Source uawire.org
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