UAE to restrict essential re-exports to Russia utilized in warfare

UAE to restrict essential re-exports to Russia utilized in warfare
2023-11-10T15:51:28+00:00

Shafaq News / The European Union's executive told member states that the United Arab Emirates has agreed to restrict the re-export to Russia of sensitive goods used for military purposes in Ukraine, Bloomberg News reported on Thursday.

A UAE official told Bloomberg News that it restricts the export and re-export of identified dual-use products to conflict zones and has a legal export control framework in place through which it continuously monitors the export of dual-use products.

Turkey is also considering a similar measure to limit certain re-exports, the report said.

The Turkish trade ministry and the EU commission did not immediately respond to a Reuters request for comment, while UAE could not be reached immediately.

The U.S. last week cracked down on sanctions evasion in the United Arab Emirates, Turkey and China, as the Treasury Department said companies based in the countries continue to send high priority dual-use goods to Russia, including components Moscow relies on for its weapons systems.

The United States, European Union and other Western nations have imposed rafts of sanctions on Moscow following its invasion of Ukraine, including targeting Russian banks and President Vladimir Putin.

(Reuters)

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