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Wednesday, November 6, 2024
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How the UAE bypassed international sanctions against Russia

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From November 30 to December 12, 2023, the Federation of the United Arab Emirates will host COP28. Not only is Dubai, considered the region’s main polluter, clearing its name in the sector, but it has been engaged in a veritable war since Vladimir Putin’s offensive in Ukraine and the imposition of international sanctions on Moscow. “The Recycling of the Russian Oligarchs”.

money laundering and prostitution

One might imagine that everything in Dubai is rose and green.While Westerners often picture parties, beaches, bikini girls or unlimited drinking, they forget The Dubai Sphere is much less fascinating: Money laundering, prostitution, hosting deposed leaders — like ex-Afghanistan President Ashraf Ghani — or those convicted in their own countries, like ex-Pakistani head of state Pervez Ghani, who died last February Opponents of Musharraf, the Palestinian Mohammad Dhalan, the eternal Mahmoud Abbas, or the many corrupt representatives of the former Afghan elite.

The United Arab Emirates is playing with fire and, more importantly, flouting international law: the official settlement between Mohamed bin Zayed (MBZ) and Bashar al-Assad in recent months, as well as the many The arrival of the private jets of Russian oligarchs eager to shelter their wealth in the UAE despite sanctions imposed on their country a year ago shows yet again how much the UAE cares about international financial legislation.

money is tasteless

Since February 2022, Russia’s air links with the Gulf have been reinvigorated after Vladimir Putin’s anti-oligarchs began complaining about the conflict in Ukraine.

On the UAE and Russia side, everything seems to be going well: Over the past year, hundreds of Russian companies have been established, bypassing Western sanctions.

Money, as we know it, has no smell. Dubai never refuses to offer a hand for a handshake, especially when it’s stuffed with dollars. To the extent that the UAE has no laws on financial transparency, all capital is welcome.

Abu Dhabi has nothing to lose: it is already regarded as the region’s tax haven, joins Dubai as the money-laundering king of the Gulf, regularly enters and exits European Union (EU) blacklists, and continues to participate in financial transactions that push the limits of legality. business.

Dubai has become a global center for the art of evading international sanctions, something that Russia and Syria are shamelessly exploiting.

The deals just keep coming.However, it is One of the EU’s privileged economic partners in armaments and counter-terrorism. Supposedly willing to help Europeans fight political Islam, the Emiratis continue to convince them that they are the best development model in the region, the Switzerland of the Middle East!

On the UAE and Russia side, everything seems to be going well: Over the year, hundreds of Russian companies have been set up to circumvent Western sanctions, while banned oligarchs continue to operate and maintain their fortunes. Real estate investing is also common.

Dubai has become A global center for the art of evading international sanctions, Russia and Syria are using it shamelessly. Are Western countries imposing sanctions on the UAE? No, although Abu Dhabi’s actions are starting to irritate Washington.

Our friends UAE…

A recent Intelligence on Line article reports that Washington is nonetheless trying to negotiate with Dubai to stop the illicit business: “As the United Arab Emirates has become an export hub for the sanctioned Russian economy, the U.S. Treasury Department is trying to Agreement with Dubai Customs to stop the trade,” it said.

Syria is not much better: “UAE exports to Syria continued to grow in 2018, reaching $1.5 billion, although this growth was largely attributable to Chinese products passing through Dubai and rebranding in the UAE in order to benefit from the Greater Arab Free Trade Area (GAFTA) agreement.”

Evidence: Today, 240,000 Syrians live and work in the UAE, Mainly focused on construction, media, health sector and tourism. It now appears that they were not all political refugees and opponents of Bashar al-Assad!

While the standoff over Russian troops in Ukraine remains in the spotlight of all the media, MBZ is weaving its web and dreaming of becoming great leaders of regional and global powers, Attract policy makers and capital while increasing his financial power every day without respecting international law.

Over the years, the Emiratis have become superficial “friends”, cooperating with the West in the field of military security, the fight against terrorism and, most importantly, energy security. People better understand why MBZ’s plans cannot be contradicted…

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