One of the largest banks in the UAE, under pressure from the United States, curtails cooperation with the Russians – WSJ
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Due to sanctions pressure from the US, Dubai’s main state-owned bank Emirates NBD closed some accounts of Russian oligarchs and Russian oil traders.
About this informs The Wall Street Journal.
It is noted that the Emirates NBD bank has closed its Russian division and many Russian accounts. The companies of Azerbaijani businessman Etibar Jamaleddin Ogli Eyub, which deal in Russian oil trade, also came under attack.
NBD Emirates ordered the closure of the accounts of Coral, Voliton, Bellatrix and another Ayyub-linked company, Pontus Trading. Old tankers carrying large volumes of Russian oil were registered to these companies.
Emirates NBD also closed the accounts of Russian fertilizer giant Uralkali and Russian businessman Ivan Tavrin. In December, the US imposed sanctions on Tavrin, who after the start of the big he bought foreign technology companies.
It is added that in addition to Emirates NBD, the Dubai branch of the Egyptian state bank Banque Misr has begun to wind down its work with the Russians.
We will remind:
One of the largest banks in the UAE – Emirates NBD – will start transfer assets of Russians into separate accounts, where all payments for securities belonging to them will go.
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