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Dubai News Club > Business > Russia sanctions are ineffective, says Dubai trade hub chief
Business

Russia sanctions are ineffective, says Dubai trade hub chief

Press Room
Last updated: 2024/05/29
Press Room
Published: May 29, 2024
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Sanctions on Russia are having no impact outside the west and attempts to halt the flow of business merely redirect it elsewhere, the chair of Dubai’s main trading hub has said. 

“Sanctions slow the economy, never stop it,” said Hamad Buamim, chair of the Dubai Multi Commodities Centre, a leading United Arab Emirates free trade zone that says it hosts more than…

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