How UAE is getting round worldwide sanctions towards Russia

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From November 30 to December 12, 2023, the United Arab Emirates Confederation will host COP28. Not solely is Dubai, which is taken into account a serious regional polluter, clearing its identify on this discipline, however because the begin of the offensive launched by Vladimir Putin in Ukraine and the imposition of worldwide sanctions towards Moscow, it has been partaking in a real “recycling” of Russian oligarchs.

Cash laundering and prostitution

One may think that every thing in Dubai is rosy and inexperienced. Whereas Westerners usually have photographs of events, seashores, bikini-clad women or limitless alcohol in thoughts, they overlook concerning the a lot much less glamorous elements of Dubai’s sphere: cash laundering, prostitution, the internet hosting of deposed leaders – equivalent to former Afghan President Ashraf Ghani – or these convicted in their very own nations, equivalent to Pervez Musharraf, the previous Pakistani head of state who handed away final February, Palestinian Mohamed Dahlan, everlasting opponent of Mahmoud Abbas, or many corrupt representatives of Afghanistan’s former elites.

The United Arab Emirates are taking part in with hearth and, extra importantly, flouting worldwide legislation: the official rapprochement between Mohammed Ben Zayed (MBZ) and Bashar al-Assad in latest months, and the arrival of quite a few non-public jets carrying Russian oligarchs desirous to shelter their wealth regardless of the sanctions imposed on their nation a yr in the past, reveal as soon as once more how little the UAE care about worldwide monetary laws.

Cash has no odor

Since February 2022, air hyperlinks between Russia and the Gulf have resumed with renewed vigor after Vladimir Putin raised his voice towards oligarchs who had been beginning to grumble concerning the battle in Ukraine.

On the Emirati-Russian entrance, every thing appears to be going easily: for a yr, lots of of Russian firms have been created bypassing Western sanctions.

Cash has no odor, as we all know. And Dubai by no means refuses to shake an prolonged hand, particularly when it’s crammed with {dollars}. To such an extent that within the UAE there is no such thing as a legislation on monetary transparency and all capital is welcome.

Abu Dhabi has nothing to lose: already thought of a tax haven within the area, it’s, together with Dubai, the king of cash laundering within the Gulf, frequently shifting out and in of the European Union’s (EU) blacklists, and always partaking in monetary operations that push the bounds of legality.

Dubai has develop into the worldwide hub of the artwork of evading worldwide sanctions, which Russia and Syria are shamelessly profiting from.

The offers maintain coming. But, it’s one of many EU’s privileged financial companions by way of armament and counterterrorism. Supposedly prepared to assist Europeans combat political Islam, the Emiratis proceed to make them consider that they’re one of the best mannequin of growth within the area, the Switzerland of the Center East!

On the Emirati-Russian entrance, every thing appears to be going easily: for a yr now, lots of of Russian firms have been created to avoid Western sanctions, whereas banned oligarchs proceed to do enterprise and keep their fortunes. Actual property investments are additionally widespread.

Dubai has develop into the world hub of the artwork of evading worldwide sanctions, which Russia and Syria are shamelessly profiting from. Have Western nations imposed sanctions on the United Arab Emirates? None, despite the fact that Abu Dhabi’s behaviour is beginning to annoy Washington prodigiously.

Our buddies the Emiratis…

A latest article in Intelligence on Line reported that Washington was nonetheless making an attempt to barter with Dubai to cease this illicit enterprise: “Because the United Arab Emirates has develop into an export hub to a Russian economic system below sanctions, the US Treasury is making an attempt to strike a cope with Dubai Customs to cease the commerce,” it mentioned.

It’s no higher on the Syrian facet: “Emirati exports to Syria continued to develop in 2018, reaching $1.5bn, though this development is especially attributable to Chinese language merchandise passing by means of Dubai and renamed as such within the UAE so as to reap the advantages of the Better Arab Free Commerce Space (GAFTA) settlement.”

Proof: at this time, 240,000 Syrians reside and work within the UAE, primarily specialising in building, the media, the well being sector, and tourism. Because it stands, they aren’t all political refugees and opponents of Bashar al-Assad!

Whereas the stalemate of Russian troops in Ukraine stay the main focus of all media consideration, MBZ is weaving an online and dreaming of being a fantastic chief of a regional and even world energy, attracting decision-makers and capital, whereas rising his monetary energy day by day with none respect for worldwide legislation.

For years, the Emiratis have develop into “buddies” with a easy and polished facade, cooperating with the West within the army safety area, within the combat towards terrorism, and, above all, in power safety. One higher understands why one should not contradict MBZ’s plans…



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