UAE cbank studying options after UAE licensed Russian bank sanctioned – Reuters.com

UAE cbank studying options after UAE licensed Russian bank sanctioned – Reuters.com

DUBAI, Feb 24 (Reuters) - The central bank of the United Arab Emirates is studying available options regarding the new status of Russia's MTS bank which it licensed to operate in the Gulf country last year, a state news agency WAM said on Friday.

The Russian lender was part of a new sanctions package announced on Friday.

"The Central Bank is studying now the available options regarding the new status of the bank and the appropriate decision will be taken in due course, considering the obligations incurred by the branch during the previous period," the statement said.