WEST PLANS TO WARN THE UAE ABOUT ITS TRADE WITH RUSSIA

Mon 04 September 2023:

US, British and European Union officials are planning to jointly press the United Arab Emirates this week to halt shipments of goods to Russia that could help Moscow in its war against Ukraine, the Wall Street Journal reported on Monday, citing US and European officials, Reuters reports.

A UAE official, in response to Reuters‘ request for comment, said the country “strictly abides by UN sanctions and has clear and robust processes in place to deal with sanctioned entities.”

The UAE “is continuously monitoring the export of dual-use products,” which have both civilian and military applications, under its export control legal framework, the official added.

Officials from Washington and European capitals were visiting the UAE from Monday as part of a collective global push to keep computer chips, electronic components and other so-called dual-use products out of Russian hands, the WSJ report said.

The UAE, a member of the OPEC+ oil alliance that includes Russia, has maintained good ties with Moscow, despite Western pressure to help isolate Russia over the invasion of Ukraine that began in February 2022. It has not matched global sanctions imposed on Moscow.

The US State Department declined to comment when asked about the WSJ report.

The UAE official added the UAE remained in close dialogue with international partners, including the US and European Union about the conflict in Ukraine and its implications for the global economy.

“UAE banks, under the supervision of the Central Bank and other relevant authorities, monitor compliance with sanctions imposed on Russia to prevent violations of international law,” the UAE official said.