Dubai and UAE should be blacklisted and face sanctions for sheltering oligarchs and ‘dirty money’, activists say: report

Dubai and UAE should be blacklisted and face sanctions for sheltering oligarchs and ‘dirty money’, activists say: report

Politicians and activists are calling for Dubai and the United Arab Emirates to be blacklisted over its failure to observe sanctions against Russian oligarchs and stem the flow of dirty money flowing through the UAE. 

Western countries including the US and UK hit Russia with stringent sanctions in February after Russia invaded Ukraine. This prompted some oligarchs to flee to Dubai and buy properties in the UAE

“Dubai has long been a safe place for dirty money. It should now be put on financial blacklists and its leaders shouldn’t be welcome [in Britain],” Bill Browder, a campaigner and critic of Vladimir Putin, told Britain’s The Observer newspaper.

Browder joins a growing list of politicians and activists who have called for sanctions against the UAE. Last month a group of European Parliament members signed an open letter to European Commissioner Mairead McGuinness calling for the UAE to be blacklisted. 

Read more at businessinsider.com
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