UAE cancels licence for Russia’s sanctioned MTS Bank
- Date: 02-Apr-2023
- Source: Arab Weekly
- Sector:Financial Services
- Country:UAE
UAE cancels licence for Russia’s sanctioned MTS Bank
DUBAI –
The United Arab Emirates’ central bank on Friday said it will cancel the licence it granted last year to Russia’s MTS bank, which was placed under British and US sanctions in February.
Operations at the bank’s UAE branch, which is licensed in the emirate of Abu Dhabi, will be wound down within six months under UAE central bank supervision.
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😎
#AbuDhabiVice
The Big Drama
#AbuDhabiScandal
The #UAE also approved a license for #Russian bank #MTS despite the sanctions imposed by the #US and the #UK The UAE’s...
Par 6
#US
#Ukraine
#Russia
#UAE
#CyberAttacks
#Ransomware
#الامارات
#دبي
#أبوظبي
#أوكرانيا
#روسيا
The #UAE also approved a license for #Russian bank #MTS despite the sanctions imposed by the #US and the #UK The UAE’s growing inclination towards Russia had merely been a display of its betrayal towards the U.S. alliance.
Par 6
Have you heard of #MBridge, a multi-CBDC initiative (#SWIFT alternative) for cross border payments that will involve the central banks of Russia, China, Brazil, Hong Kong, Thailand, UAE, etc?
https://www.ledgerinsights.com/bank-of-russia-cross-border-cbdc/
https://fb.watch/jZ8cr-MZDa/?mibextid=kdkkhi
"Are you a Russian citizen with a bank account in the UAE? Emirates NBD has blocked accounts due to overdue pressure. Read our latest blog post to find out more about this issue. #UAE #banking #Russia"
Link to the post: https://ift.tt/NAslPvx
Close that net on russia💪
A bank in the UAE began to block the investment accounts of russians
1 of the largest banks
Emirates NBD will begin transferring assets of russians to separate accounts where all payments for securities will go Clients will not get access to funds
“Alarm”. The expert commented on the decision of the Emirati bank @EmiratesNBD_AE to block the investment accounts of #Russians
#UAE #Dubai #AbuDhabi #Russia https://www.easternherald.com/2023/04/14/alarm-the-expert-commented-on-the-decision-of-the-emirati-bank-enbd-to-block-the-investment-accounts-of-russians/
UAE’s second-largest bank ENBD to start blocking Russian citizens’ investment accounts
#UAE #Russia #Dubai #AbuDhabi
https://www.easternherald.com/2023/04/14/uaes-second-largest-bank-enbd-to-start-blocking-russian-citizens-investment-accounts-reuters/
World Bank...David Malpass...US...UK...Washington...DC...Turkey...Russia...Ukraine...Kuwait...Oman...Qatar...Saudi Arabia...UAE...Jeddah...Syria...Israel...Palestine...Lebanon...UN
The balance of power has shifted. Brazil, Russia, India, China, South Africa alliance plus UAE and many more on board to join them to replace SWIFT, leaving the US and the West with no leverage. https://www.reuters.com/world/americas/brics-bank-ndb-change-its-brazilian-head-governments-request-2023-03-10/
Rich sanctions designations from the US today:
- prolific enablers, incl. family members, of a number of Russian oligarchs
- UAE- and Turkey-based entities supplying drones and electronics
- 5 entities of Rosatom
- a Hungary-based bank linked to Russia
https://www.state.gov/further-curbing-russias-efforts-to-evade-sanctions-and-perpetuate-its-war-against-ukraine-2/
UAE cites ‘sanctions risks’ as it cancels licence for Russia’s MTS Bank https://buff.ly/40WrYzF
The Central Bank of the #UAE (CBUAE) said #Russia's MTS Bank would have six months to wind down its operations and close its branch in Abu Dhabi.
Read why: https://bit.ly/3Kf58g1
Non democratic countries equals to
No Terrorism countries
1.cuba
2.saudi arabia
3.Qatar
4.UAE
5.russia etc.
Your politicians are doing terrorism for vote bank politics in developing countries
And for loots in developed countries.
🇷🇺 #fx #Russia
In Sberbank, there was an opportunity to conclude foreign exchange forwards in a pair of dirham - a ruble. Now corporate customers of the bank who work with the UAE currency can protect their business from fluctuations in exchange rates
#Aed
New "BRICS+"
"...the establishment of a BRICS financial token, in order to bypass SWIFT."
"...original BRICS nations formed...New Development Bank...recently joined by Bangladesh, Egypt, and the UAE, making them defacto BRICS members as well"
https://www.russia-briefing.com/news/russia-s-new-foreign-policy-concept-the-impact-on-brics-plus.html/
The State Bank of India has refused to service payments for oil from Russia at a price higher than the ceiling of $60 per barrel, writes Reuters.
Before that, Indian refineries paid through the bank for Russian oil in UAE dirhams, which are tied to the dollar, or in rupees, 1/8
Faith Empire Bank will be ready to bail out institutions and countries. All your banks and governments is falling. Even the great China and Russia and UAE and USA and CANADA is falling, no nation know and unknown will be left untouched. Asé
After the Russia-Ukraine war had a negative impact on Egypt's economy, Saudi, UAE and Qatar made deposits in the Central Bank of Egypt, pledging major new investments in the country. But they have so far been slow to materialise into economic gains.
http://ow.ly/lyRx50NzMeY
📰 via @Reuters:
The United Arab Emirates’ central bank on Friday said it will cancel the licence it granted last year to Russia’s MTS bank, which was placed under British and U.S. sanctions in February.
https://reut.rs/410G2It
The UAE's central bank stated that it will revoke the license it granted last year to Russia's MTS bank, which was placed under British and US sanctions in February. https://zpr.io/gkFtRFz4T3Tc
امارات مجوز بانک MTS روسیه را لغو کرد
برای اطلاع از جزئیات به وبسایت ما مراجعه کنید
http://dubaiintl.ae/the-uae-revoked-the-license-of-mts-bank-of-russia/
#بانک_مرکزی #شرکت_مخابراتی #بانک_روسیه
https://www.gurutrade.com/news/uae-cancels-licence-for-russia-s-sanctioned-mts-bank-1680269288.html
UAE cancels Russia's MTS Bank licence, citing 'sanctions risk'. The decision comes after US officials labelled UAE 'country of focus' amid Russian sanctions crackdown. With the double game, the UAE has sought to defend itself with the West and Russia amid concerns over financial… https://twitter.com/i/web/status/1642776721010114562
UAE Central Bank revokes license of Russia's MTS Bank as sanctions tighten https://www.al-monitor.com/originals/2023/03/uae-central-bank-revokes-license-russias-mts-bank-sanctions-tighten via @AlMonitor
UAE cites ‘sanctions risks’ as it cancels licence for Russia’s MTS Bank | Financial Times https://archive.is/feGNM
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