Bloomberg: UAE banks have tightened control over compliance with sanctions against Russia – Rossiyskaya Gazeta

Now money transfers from companies sending funds to Russia are more strictly controlled and take longer.

Some banks have begun to require additional documentation and sometimes block funds, questioning their origin, TASS reports citing the agency.

It should be noted that Emirati banks request additional information from clients from any country, but the most serious situation occurred for Russians due to the scope of the sanctions.

Recall that last week it became known that Israeli banks began to limit transactions in Russian securities accounts due to an order from the Belgian depositary Euroclear. All Russian investors were subject to segregation, even if they had an Israeli passport.