Mar 03, 2022

Business Russia Trade House will assist business association companies in carrying out activities through the UAE under the sanctions

Due to the imposition of sanctions against most systemically significant Russian banks in the United States and Europe and the retention of a neutral position in the Russia-Ukraine crisis by the United Arab Emirates, Business Russia Trade House in the UAE is ready to assist business association companies in carrying out activities through the UAE. This announcement was made by Maksim Zagornov, Business Ambassador of Business Russia in the UAE, during an emergency online meeting on topical issues of exporters.

Business Russia Trade House in the UAE is ready to assist the companies of the business association in carrying out payment transactions through Emirati banks, as well as in organizing logistics of cargo exported from Europe to Russia through the UAE. Business Russia Trade house in the UAE is also ready to assist in the placement of the so-called «screwdriver» production (or CKD) in the UAE for export to Europe.

Let us remind, that Business Russia Trade House in the UAE, which was presented on February 18, is located on the territory of the Khalifa Industrial Zone Abu Dhabi (KIZAD) — a special zone offering favorable conditions for running a business, as well as featuring the most advantageous location: next to the Khalifa Port, three international airports and close to the key routes of the UAE. Business Russia Trade House in the UAE provides comprehensive support to exporters in a «one-window» format.

It should be noted that the United Arab Emirates has declared a neutral position in the Russia-Ukraine crisis, as well as its intention to continue all-round development of contacts. The League of Arab States (LAS), which currently includes 22 states, also announced its position of neutrality in the Russia-Ukraine crisis.

Currently, air traffic between the Russian Federation and the United Arab Emirates has been preserved almost in full, with the exception of a number of flights to some Russian cities. This measure is related to the airspace closure in these regions.

On issues of interaction with Business Russia Trade House in the UAE:

M. Nevolina, +79048135383, nevolina@businessrussia.ae