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Dubai News Club > Business > Wealthy Russians flock to Dubai as west tightens sanctions
Business

Wealthy Russians flock to Dubai as west tightens sanctions

Press Room
Last updated: 2022/06/20
Press Room
Published: June 20, 2022
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Wealthy Russians flock to Dubai as west tightens sanctions
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Russians have flocked to set up businesses and buy property in the United Arab Emirates in an effort to secure residence and park assets in the Gulf as the US, UK and EU tighten financial sanctions, relocation experts, brokers and lawyers said.

President Vladimir Putin’s assault on Ukraine, western sanctions on the Russian central bank and the removal of some lenders from the Swift messaging network have made it harder for Russians to establish themselves outside their home…

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